Post
Topic
Board Exchanges
Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH
by
CryptoTeng
on 27/06/2018, 18:19:01 UTC

In addition to the manipulation of the ETH/EUR market on June 19th 2018 there has been another market manipulation by Kraken. Please check the Dash/BTC market on May 24 2018 between 00:00-02:00 (CET). You will see a peak which goes up to roughly 0.0486 BTC/Dash. Please note that this is just another false peak presented by Kraken.
Again the warning to all people still using this platform. Stay away from these manipulative frauds.


Hi Cryptoteng. I've consulted with the trading team and they filled me in on what happened here. In both of these instances there was at least 1 trade that went through at these prices. For May 24th, the previous candle closed at 0.04450, the next one opened at 0.04867, which was the high (the spiked order had actually filled). Then the priced dropped back down and the candle closed at 0.04516.

For June 19th ETH/EUR, a large order filled at 511.51 when the market price in the previous 30min candle was 442. The volume in the spike was 1600 ETH whereas the previous candle volume was only 8.9 ETH. The next candle volume was 147.21. So to be clear, there was nothing being manipulated in either of these instances.

If you feel that this does not resolve your issue, please open a ticket and we would be happy to go over these findings with you.
This is a plain lie Septimus, either by you, or by the support team towards our informant. The support team claimed that no trades took place on both dates. and our informant has evidence that his open positions in those peaks were not closed. Furhtermore Kraken denied closing his position with the argument that no trades took place in those peaks.

So, either you are lying here in the forum, or the customers support is lying towards our informant. Neither of the possibilities looks well septimus.

If you want we can post screenshots showing the peaks and the non traded positions including the indications which clearly show the positions were opened
before the peak.