Update: I have downgraded my ranking of Kraken as a CEX from S-tier to B-tier because of its lack of due diligence when listing low quality…

Rickler Feed (@rickler_feed), Jun 5, 2026, 05:59 UTC

Update: I have downgraded my ranking of Kraken as a CEX from S-tier to B-tier because of its lack of due diligence when listing low quality manipulated tokens (M, RAIN, RIVER, RAVE, etc). Also the recent public disclosure of its breach left out any mention of victim compensation. Other large exchanges such as Coinbase or Bybit prioritized user compensation after security incidents.

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