Kraken Begins Forced Liquidation of Seven Delisted Tokens

Kraken has started the final phase of its delisting process for seven specific tokens. Starting August 3, the exchange is liquidating remaining balances of PLANCK, AIR, MICHI, FLY, ANLOG, TERM, and STRD. This automatic process is scheduled to run through August 7. Since withdrawal deadlines passed on July 31, users who still hold these tokens can no longer move them off the platform and must wait for the exchange to sell them on their behalf.

The exchange has issued a clear warning regarding this move. Because some of these tokens suffer from extremely low trading volume, Kraken noted that market liquidity might be insufficient to cover the sales. This means some users could receive very little money back, or potentially nothing at all, depending on how the market reacts during the liquidation window.

This action marks the conclusion of a staged wind down that began back in April. While Kraken is handling the sales, the exact details regarding execution venues, fees, and the final currency returned to users remain unclear. If you held any of these tokens and failed to withdraw them before the July 31 cutoff, your assets are now subject to these final market conditions.