Judge Orders Kraken to Turn Over User Information to the IRS

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Judge Orders Kraken to Turn Over User Information to the IRS
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Kraken's issues with US government agencies continue.

Kraken has been ordered to turn over sensitive user information for clients that had transactions worth in total over $20,000 over the course of a year.

The IRS filed the initial court petition in the Northern District of California earlier this year, claiming that it had previously issued summons to the exchange in 2021 that the latter ignored. The agency also said it wants to check for tax liabilities for users transacting in the aforementioned amount between 2016 and 2020.

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