Quote from: Quantum_Resolve7987V on August 19, 2025, 05:07:14 AM

Quote

Update - Monero (XMR) deposits have been re-enabled and now require 720 confirmations before crediting.
Given the current uncertainty around the security of the Monero network due to major hash rate consolidation under a single entity, Kraken may halt deposits at any time and delay crediting at its discretion.
Source: Kraken status page (Aug 18, 2025 - 04:30 UTC)

720 confirmations?! 😳 That sounds like forever!

And yet… withdrawals are still allowed?? That’s wild. Seems crazy strict on deposits but somehow you can still send your XMR out.

Honestly, the whole thing makes me wonder — if something like this happened to Bitcoin, the panic would be off the charts.

They are an exchange and just trying to make sure they got the money confirmed for real. After all the more confirmation the more secure it is.

The same way they are handling new L1 and L2 and even XMR with 720 confirmation is moderate requirement, some L1 out there requires thousands of confirmation.
But I bet this massive confirmation requirements only happen in kraken.