BTC frozen
I myself and 5 friends live in Florida, all of us had kraken accounts in good standing, then our kraken accounts were frozen without warning disabling all buys, sells and transfers in december 2025. They demanded ID verification claiming IDs were expired when they were not. They demand we prove where there crypto originated and how they paid for it. Some of these users acquired their btc without buying it with fiat essentially closing the loop making that unable to be proven on paper. Worse of all, the one among us who immediately complied still had to wait 4 to 6 weeks before they were given access again. Btc from December 2025 to now, dropped almost in half while we sat helpless unable to sell before the damage was done to the tune of thousands of dollars in losses. We feel this is a predatory business practice and suspect kraken of sending out these mass freezes coupled with excessive processing times during a large market downturn to purposely throttle sell orders to reduce the outflow of their capital while simultaneously forcing frozen accounts to carry the market risk with zero recourse, while hiding behind what we believe are predatory user agreements that give them the right to do this any time they want, for any reason or lack thereof. We are interested hearing if other individuals have had this same experience, so please feel free to share.
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