Post
Topic
Board Exchanges
Kraken.com - willingly accepts that clients loose their money on a daily basis!!
by
KrakenTrader
on 22/10/2017, 23:12:01 UTC
Orders don't work in the last few days. And the other day the price was 67 million euros for a Bitcoin.



It's obvious: Kraken willingly accepts that clients loose their money.
They know their horrible lagging trading engine doesn't work as expected, but don't provide any warning on their order-page.
Clients are loosing money on a daily basis - since weeks! And no official statement at all.
No professional communication


Here is a screen shot I made http://ibb.co/eAQ4O6

(logged in to Kraken.com)

The highest price of one bitcoin was shown as:
79,716,528,154,224,80 € / Bitcoin - that's Billion!


79 Billion
 716 Milliard
  528 Million
   154 Thousand and 224 €
and 80 cents.

Kraken is well known for it's high trading fees. Kraken Management raked in hundreds of thousands on trading fees on a monthly basis,
but didn't seem to spend a dime on fixing their code.


Hey Kraken-Management - use your public channels + email and provide an honest statement about the current situation. It's about time.
Put a big red warning on the Kraken-Order-Screen to inform your clients about problems reg. opening/closing position and related additional risks.
Start respecting your clients (again) - like you did in the early days.

Kraken clients are already starting to withdraw coins and fiat. This will only accelerate. All forums are full of negative comments.
It won't take long and they may close access to their site - good for everyone who got coins/fiat our before.


Who still keeps coins here is playing with fire. Anything can happen anytime.