Kraken Withdraws Intrusive Monero Withdrawal Questions After Backlash
Kraken apologizes and retracts requests for personal information from Monero (XMR) users during withdrawal processes.
Kraken apologizes and retracts requests for personal information from Monero (XMR) users during withdrawal processes. Monero (XMR) is trading at ₹55,802 ($587.16). This is an original Token Times brief based on reporting by Crypto Adventure, with live market data added, as of Sat, 24 Oct 2026 08:00:01 UTC.
The incident highlights growing tensions between privacy-focused cryptocurrencies and exchanges' compliance requirements, impacting user trust and regulatory dynamics.
- Kraken apologizes for requesting sensitive personal details from XMR users.
- Exchange faced backlash for probing how users intended to spend Monero.
- Monero's price fell 3.11% in the past 24 hours amid broader market decline.
- Kraken Withdraws Intrusive Monero Withdrawal Questions After Backlash — this brief
- Kraken Admits to Improperly Questioning Monero Buyers
Kraken has retracted and apologized for requesting intrusive personal information from users withdrawing 
Monero (XMR), after facing significant backlash. The exchange had sent emails asking users who purchased XMR with their own funds to disclose sensitive details such as their employer and source of funds.
The incident highlights the ongoing challenges exchanges face in balancing user privacy with regulatory compliance, particularly with privacy-focused cryptocurrencies like Monero. Co-CEO Arjun Sethi acknowledged that the requests were improper and violated the company's policies.
Monero's price has been affected by the broader market downturn, with a 3.11% decrease in the past 24 hours, though it remains up 4.76% over the last seven days. The incident may further impact user trust in exchanges dealing with privacy coins.
The total cryptocurrency market cap stands at $2.77 trillion, with 
Bitcoin down 1.10% in the past day. The overall market sentiment, as measured by the Fear & Greed Index, remains in the Neutral zone at 51.
This development underscores the need for clearer guidelines on how exchanges handle privacy coins. It remains to be seen how other platforms will respond and whether this will lead to more stringent privacy measures or increased regulatory scrutiny.
Since this brief published about 2 hours ago, Monero (XMR) has moved from ₹55,814.93$587.30 to ₹55,801.63$587.16 — -0.02%.
The chart plots XMR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XMR ≈ ₹60,271.97 (about $587.16), down 3.5% over 24 hours. The rupee itself trades about 8.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Kraken Withdraws Intrusive Monero Withdrawal Questions After — questions & answers
Why did Kraken apologize for the Monero withdrawal questions?
Kraken apologized because the questions about users' employers and source of funds were deemed intrusive and improper.
How has the incident affected Monero's price?
Monero's price fell 3.11% in the past 24 hours but is up 4.76% over the last week.
What broader implications might this incident have?
The incident may lead to increased scrutiny of how exchanges handle privacy coins and could impact user trust in such platforms.
How much is 1 Monero worth in rupee today?
About ₹60,271.97 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $587.16. The rupee price moves with both XMR's US-dollar price and the USDT/INR rate; use our Monero in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Adventure. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.