Kraken sets August 27 deadline for holders to withdraw 21 delisted tokens

Kraken has set an August 27, 2026 deadline for users to withdraw 21 delisted tokens, including MOON, NYM, and TEER. Following the cutoff, Kraken will permanently disable withdrawals and automatically liquidate remaining balances between September 1 and September 5, 2026. The exchange warns that thin or inactive markets could result in deeply discounted execution prices, potentially leaving affected holders with minimal or no proceeds.

Kraken withdrawal deadline

• ▪Kraken will close general withdrawals for 21 delisted tokens on August 27, 2026, at 14:00 UTC
• ▪The August 27, 2026 deadline represents the final opportunity for Kraken users to withdraw their holdings before withdrawals are permanently disabled

Automatic liquidation process

• ▪Kraken plans to automatically liquidate remaining balances of the 21 delisted tokens between September 1 and September 5, 2026
• ▪During the automatic liquidation window from September 1 to September 5, 2026, Kraken will determine when the assets are sold, removing holders' control over the exit timing and price

Liquidation risks

• ▪Kraken warned that automatic liquidations could yield minimal or no proceeds due to limited or inactive markets for several of the affected tokens
• ▪Kraken has not committed to specific execution times, prices, venues, or settlement terms during the five-day liquidation window

Twenty-one affected tokens

• ▪Kraken halted trading and deposits for the affected assets on May 29, 2026, though some assets were already unavailable for trading before that date
• ▪The 21 affected tokens slated for delisting and liquidation are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA, and TEER

TEER project shutdown

• ▪Kraken has paused trading and funding for the TEER token and will keep them paused due to the project's operational shutdown
• ▪Kraken stated that the TEER project has ceased operations and on-chain transactions will not go through, leaving holders with virtually no flexibility beyond the scheduled liquidation

Thin market conditions

• ▪Exchange delistings often trigger sharp declines in liquidity as trading venues remove support and market participation dries up
• ▪Kraken's liquidation prices may be significantly below recent reference prices due to thin or inactive markets at the time of execution