Kraken pauses INIT deposits and withdrawals over Initia network issue
Exchange Kraken has temporarily halted INIT deposits and withdrawals due to a problem affecting the Initia network. Other funding methods remain operational.
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what happened
Kraken said deposits and withdrawals for INIT, the token of the Initia network, are temporarily paused because of an issue affecting that network. According to the exchange, all other funding methods are operating normally. The information, citing Kraken's statement, was reported by Reuters.
why it matters
For markets, this is an operational notice about a single token. While the issue remains unresolved, moving INIT between the exchange and other venues is restricted, which may affect liquidity for this asset on Kraken. The impact on the broader market is limited.
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instruments
sources
- Kraken Says Deposits, Withdrawals For Init Are Temporarily Paused Due To Issue Affecting Initia Network — Reuters, 23 October 2026 at 16:33 UTC
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