Kraken co-CEO admits quizzing Monero buyers about their coins was a mistake

Kraken co-CEO Arjun Sethi acknowledged that it was wrong for the exchange to email Monero (XMR) buyers about their employer, the source of their funds and their plans for the coins. He said no rule made them ask those questions. Kraken has since withdrawn the requests and XMR is still listed. Monero is a privacy coin whose goal is to obscure transaction details on its blockchain. A young XMR client’s wealth set off the withdrawal emails Sethi laid out the timeline in a post on X. The email went to clients who bought XMR with their own money and then withdrew it. “no rule required it,” Sethi wrote.

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