Kraken’s Report: Law Enforcement Data Demands Surge Nearly 40%
- Kraken reports a 38.6% rise in global law enforcement and regulatory data requests in 2024.
- The U.S. accounted for 28.6% of all data requests, with the FBI issuing the most.
- Kraken provided data for 57% of requests while maintaining a commitment to client privacy.
Leading crypto exchange Kraken has released its 2024 Transparency Report.
It shows a big 38.6% increase in global law enforcement and regulatory data requests compared to 2023. Specifically, the company got 6,826 requests from agencies in 71 countries.
US Agencies Top Data Request List
The United States accounted for 28.6% of all data requests, with 1,951 submissions. The Federal Bureau of Investigation (FBI) was the most active U.S. agency, sending 614 requests.
U.S. agency requests came from federal, state, and local levels, but most were from law enforcement.
Related: FBI Links $308M DMM.com Bitcoin Hack to North Korean Hackers
Subpoenas Most Common Request Method
Notably, the most common request method was via subpoena/summons, with 1,339 instances.
This is followed by consent orders (56), as well as warrants, police requests, and court orders.
Kraken reported that i…
The post Kraken’s Report: Law Enforcement Data Demands Surge Nearly 40% appeared first on Coin Edition.
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Kraken’s Report: Law Enforcement Data Demands Surge Nearly 40%
- Kraken reports a 38.6% rise in global law enforcement and regulatory data requests in 2024.
- The U.S. accounted for 28.6% of all data requests, with the FBI issuing the most.
- Kraken provided data for 57% of requests while maintaining a commitment to client privacy.
Leading crypto exchange Kraken has released its 2024 Transparency Report.
It shows a big 38.6% increase in global law enforcement and regulatory data requests compared to 2023. Specifically, the company got 6,826 requests from agencies in 71 countries.
US Agencies Top Data Request List
The United States accounted for 28.6% of all data requests, with 1,951 submissions. The Federal Bureau of Investigation (FBI) was the most active U.S. agency, sending 614 requests.
U.S. agency requests came from federal, state, and local levels, but most were from law enforcement.
Related: FBI Links $308M DMM.com Bitcoin Hack to North Korean Hackers
Subpoenas Most Common Request Method
Notably, the most common request method was via subpoena/summons, with 1,339 instances.
This is followed by consent orders (56), as well as warrants, police requests, and court orders.
Kraken reported that i…
The post Kraken’s Report: Law Enforcement Data Demands Surge Nearly 40% appeared first on Coin Edition.
Read More
Rate Cut Advocates vs. Fed Caution: Traders Side with Stability