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Kraken apologizes for intrusive emails to Monero buyers amid trading restrictions and price drop

Market News
24 Oct 2026
AMBCrypto
View Source
Bearish
Kraken apologizes for intrusive emails to Monero buyers amid trading restrictions and price drop

Kraken's co-CEO Arjun Sethi apologized for sending emails to Monero (XMR) buyers asking for sensitive information like employer details and bank statements, calling the emails "wrong" and "unacceptable." These emails, which questioned the purpose of XMR withdrawals, sparked community backlash and a 14% price drop in XMR due to increased selling pressure. Kraken has since withdrawn the emails and clarified that Monero remains listed on its platform, despite trading restrictions in the EU, UK, and Canada. The incident highlights ongoing regulatory challenges for privacy coins and uncertainty about future demand for XMR.

As of Oct 25, 2026 00:21 WIB, Monero (XMR) trades on Pluang at Rp1.934.530 with a positive 1-day change of 2.41%. Despite the recent controversy involving Kraken's withdrawal questions, XMR maintains a market cap of Rp35,12 trillion and a 24-hour trading volume of Rp937,45 million on Pluang. The typical hold time for XMR investors on Pluang is 32 days, indicating steady investor interest in the privacy coin.

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