Time for regulation ?
Up until yesterday, for the past 4 years, I have always used Kraken as an exchange - assuming it to be pretty well run / high level of integrity . .
Yesterday SHATTERED that illusion - a coin that has been doing the rounds for 2 years - XRT . .suddenly arrived on kraken - and promptly shot to 600$ ( Huobi was displaying it at 9$)...this CLEARLY indicates foul-play eh !! . .the price soon settled to around 60...still way way above a realistic honest value . .I , innocently, bought 22 at this absurd price - within minutes I realised something was VERY wrong . .and I resold them - losing 150€ approx . .
Of course - I was FURIOUS . .Kraken has a good reputation - SURELY they would not allow such foul play on their platform - well, they did . .and when I approached them for explanation /compensation / delisting of XRT (who obviously set this scam up !!) they didnt want to know.. "Tough luck mate !" . .
Well, I hope very soon the regulators shut down kraken..and tough luck to its employees too . .Kraken has a duty to its Clients, to ensure fair play on its platform - cowboy games are not acceptable - frankly disgusted.
Yesterday SHATTERED that illusion - a coin that has been doing the rounds for 2 years - XRT . .suddenly arrived on kraken - and promptly shot to 600$ ( Huobi was displaying it at 9$)...this CLEARLY indicates foul-play eh !! . .the price soon settled to around 60...still way way above a realistic honest value . .I , innocently, bought 22 at this absurd price - within minutes I realised something was VERY wrong . .and I resold them - losing 150€ approx . .
Of course - I was FURIOUS . .Kraken has a good reputation - SURELY they would not allow such foul play on their platform - well, they did . .and when I approached them for explanation /compensation / delisting of XRT (who obviously set this scam up !!) they didnt want to know.. "Tough luck mate !" . .
Well, I hope very soon the regulators shut down kraken..and tough luck to its employees too . .Kraken has a duty to its Clients, to ensure fair play on its platform - cowboy games are not acceptable - frankly disgusted.
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