Kraken has frozen accounts held by FTX Group, Alameda Research and their executives.
FTX looked for investments for a while after Binance gave up buying. However, unable to find the support it was looking for, FTX raised the bankruptcy flag. After that, it re-energized the market due to hacking attacks and suspicious transactions. Binance has paused FTT deposits. Then the crypto exchange Kraken took a step in this regard.
Kraken Freezes FTX and Alameda’s Accounts
Kraken has frozen accounts held by FTX Group, Alameda Research and their executives following their filing for Chapter 11 bankruptcy protection.
The US-based crypto exchange made a statement on Twitter today that several accounts owned by FTX Group, Alameda Research and their managers have been frozen.
Kraken’s post on Twitter included the following:
“Kraken has spoken with law enforcement regarding several accounts owned by the bankrupt FTX Group, Alameda Research and its executives. These accounts have been frozen to protect their creditors.”
Crypto exchange Kraken, in addition to freezing the linked accounts of the bankrupt company, also noted that the funds of its other clients were not affected and retained the entire October reserves.