According to CoinMeta, Kraken, co-founder of CEO Arjun Sethi, stated that it was incorrect for Kraken to inquire about the purpose of coin holding from Monero buyers and that such actions have been retracted. XMR continues to trade on Kraken. Kraken no longer accepts XMR deposits, and users in the European Economic Area, the UK, Canada, and Australia are subject to restrictions. On Saturday morning, XMR was trading at $581, with a 5% decline over 24 hours. On-chain investigators ZachXBT identified FreedomXMR as a money laundering channel and traced approximately $20 million flowing out from a vulnerable wallet via privacy coins.