Kraken retracts Monero withdrawal questionnaires

Kraken co-CEO Arjun Sethi acknowledged that emails sent to clients who bought and withdrew Monero ($XMR) came from Kraken and were wrong. The emails asked buyers for their employer, source of funds, and what they planned to do with their coins — a request Sethi said no rule required, calling it a mistaken "red flag" on a young client.

• Kraken withdrew the requests and told affected clients nothing is required of them
• The "what will you do with your coins" question is dropped; source-of-funds checks remain, which Sethi called a fair question
• $XMR stays listed on Kraken — "buy it here, take it home" — with Sethi thanking the community for the callout

Sethi posted the clarification on X on October 24, 2026, after criticism circulated over the questionnaires.