True, but at the moment the funds are locked until next month when Ethereum has ... | Hacker News

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		Shatnerz on Feb 9, 2023 \| parent \| context \| favorite \| on: Crypto exchange Kraken to shut staking service, pa... True, but at the moment the funds are locked until next month when Ethereum has a network upgrade (Shanghai). If they credited users ETH directly now, they may not have enough liquid ETH on the books if everyone were to withdraw before the upgrade which would remove all trust in the exchange.

captn3m0 on Feb 10, 2023 [–]

If they’re able to pay for a fine out of their pocket, why can’t this be as well?

tylersmith on Feb 10, 2023 | [–]

Their fine is $30 million and they have around $2.7 billion worth of eth staked.

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