Kraken Halts Monero Deposits After 51% Attack

Kraken, a leading cryptocurrency exchange, has temporarily suspended Monero (XMR) deposits following reports of a 51% attack targeting the XMR network. This action is a precautionary measure to safeguard user funds. Trading and withdrawals of XMR remain unaffected and will continue as normal. The exchange assures users that deposits will be reinstated as soon as network stability is confirmed and security is ensured. Kraken’s commitment to user security remains paramount, and this temporary suspension reflects their proactive approach to mitigating risks associated with potential network vulnerabilities.

While investigations continue into the specifics of the 51% attack and its potential impact, Kraken’s swift response showcases its dedication to providing a secure trading environment for its customers. Updates will be provided by the exchange as the situation evolves and more information becomes available. For the latest information, users are encouraged to check Kraken’s official announcements and social media channels.