Kraken Co-CEO Apologizes, Ends Questioning of Monero Withdrawal Users

Kraken's co-CEO has publicly acknowledged a mistake tied to how the exchange handled Monero withdrawals. The company had sent emails to users asking them to explain their use of the privacy-focused cryptocurrency. Those messages prompted criticism from the community and from the co-CEO's own account. According to reports, the co-CEO described the emails as wrong and called the practice unacceptable. Kraken has since stopped sending them. The exchange confirmed that Monero, known by its ticker XMR, will continue to be listed and tradable on the platform. Monero is one of the most prominent privacy coins in the crypto market.