Kraken Experiences Delays in ARS and BASE Network Transactions, Impacting User Activity

Cryptocurrency exchange Kraken is facing operational challenges impacting Argentine Peso (ARS) deposits and BASE Network transactions. Reports indicate these delays are affecting users globally, although no market or liquidity disruption has been observed. 8th October, 2023. A statement released on the official status page indicates that the issue involves a technical malfunction, and Kraken’s team is currently working to resolve it. This incident highlights the inherent risks in relying on decentralized financial platforms for everyday transactions. Kraken assures users that this delay does not stem from liquidity issues. The company is currently working to implement solutions and restore normal functionality on its channels, with no immediate impact on market activity.