Kraken Exchange has announced that accounts belonging to FTX, Alameda Research, and their executives have been frozen after FTX filed for bankruptcy protection in the United States.
According to a tweet from Kraken, it decided to freeze those accounts in order to safeguard creditors of FTX, Alameda Research and their executives after speaking with law enforcement agencies.
Kraken further emphasized that other clients’ accounts are not included in those that have been locked and that the company currently has full reserves.
Kraken also added that its first concern has always been and will continue to be the protection of customers’ finances. The exchange hinted that its dedication to a higher standard of accountability and transparency in the cryptocurrency industry is evidenced by its ongoing Proof of Reserves audits.
The purpose of a Proof of Reserves (PoR) is to verify that a custodian actually has the assets it says it does…
