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They can just pay the customers and keep what is stuck as their own asset. From what I understand, kraken can stake their own assets but they can not stake asse
by sschueller 4y ago
They can just pay the customers and keep what is stuck as their own asset. From what I understand, kraken can stake their own assets but they can not stake assets for others.
- Shatnerz 4y agoTrue, but at the moment the funds are locked until next month when Ethereum has a network upgrade (Shanghai). If they credited users ETH directly now, they may not have enough liquid ETH on the books if everyone were to withdraw before the upgrade which would remove all trust in the exchange.
- captn3m0 4y agoIf they’re able to pay for a fine out of their pocket, why can’t this be as well?
- tylersmith 4y agoTheir fine is $30 million and they have around $2.7 billion worth of eth staked.
- rom-antics 4y agoThey might not have the extra money. If (let's suppose) customers have sent 1 million ETH to Kraken that's now staked, Kraken would need another million ETH just laying around in order to do this.
- sschueller 4y agoFor something like this you can definitely get a loan or not? They have the ETH, it is just locked up and out of all the coins it is the second least likely to go to Zero tomorrow.