Kraken Gives Crypto Holders a Deadline to Withdraw Delisted Tokens

Crypto holders face an important deadline to withdraw their assets from Kraken before the exchange liquidates them. The affected tokens are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA, and TEER. Kraken will close general withdrawals for these tokens at 14:00 UTC on August 27.

After this date, any remaining balances will be subject to automatic liquidation between September 1 and September 5. However, the exchange warns that thin or inactive markets could result in minimal or no proceeds from these liquidations.

Kraken's notice states that several of the affected tokens have limited or inactive markets, which could impact the outcome of the liquidations. The exchange emphasizes that the execution time and price during the five-day window are not guaranteed.