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Topic: Looks like Kraken is having problems with USD withdrawals (Read 304 times)

legendary
Activity: 1218
Merit: 1006
Just heard some singapore based exchange platform halting all fiat - crypto trading and SGD withdrawal.

Singapore based crypto firms are facing banking issues https://www.bloomberg.com/news/articles/2017-09-26/singapore-cryptocurrency-firms-facing-bank-account-closures

It looks like China banned on bitcoin exchanges is hitting other countries too, I will not be surprised to see similar announcement from America as well.

This doesn't looks quite good right now also daily crypto trading volume have dropped almost 10 times.  Shocked Angry
newbie
Activity: 33
Merit: 0
See the following thread on reddit:

https://www.reddit.com/r/Bitcoin/comments/72j7ur/kraken_no_longer_allowing_usd_withdraw_for_usa/

Where the person having trouble withdrawing received the following message from Kraken:

Quote
Thank you very much for reaching out to us. Unfortunately, due to a temporary technical difficulty with USD funding for US residents, we will be unable to address your issue for an undetermined period of time. All other site functions are working as intended. Please let me know if there is any other assistance you need. We will update you as soon as this current issue is resolved.

That sounds like they are having problems with their American banks. Their euro withdrawals are working (they go through Fiidor bank).

Maybe something is in US with people bank accounts?
legendary
Activity: 1652
Merit: 1088
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See the following thread on reddit:

https://www.reddit.com/r/Bitcoin/comments/72j7ur/kraken_no_longer_allowing_usd_withdraw_for_usa/

Where the person having trouble withdrawing received the following message from Kraken:

Quote
Thank you very much for reaching out to us. Unfortunately, due to a temporary technical difficulty with USD funding for US residents, we will be unable to address your issue for an undetermined period of time. All other site functions are working as intended. Please let me know if there is any other assistance you need. We will update you as soon as this current issue is resolved.

That sounds like they are having problems with their American banks. Their euro withdrawals are working (they go through Fiidor bank).
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