Kraken to Force Liquidate 7 Assets Including XMR and ZEC for UAE Users

Kraken will forcibly liquidate seven assets—XMR, ZEC, DASH, USDD, DAI, USDS, and USDE—held by users from the United Arab Emirates between September 15 and 25. Withdrawals for these users were suspended as of September 14 at 11 PM KST. Kraken stated on its official support page that this action is part of a scheduled delisting process following routine asset reviews. Deposits and trading were halted starting June 16 at 11 PM KST. The exchange noted that the currency used to display liquidation proceeds will be determined by market conditions at execution time, with no guarantee or confirmation provided beforehand.