Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books

Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange's general withdrawal window closes; remaining balances will then move toward automatic liquidation.

The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders' control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets.

What holders of delisted tokens need to know

The 21 assets are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA and TEER.

Kraken's timetable separates three stages of the delisting:

… Continue reading the full article at the original source below.