Kraken’s delisted tokens that were left on the exchange face automatic liquidation beginning Aug. 3 after withdrawals closed for affected clients. Any PLANCK, AIR, MICHI, FLY, ANLOG, TERM or STRD balance is due to be sold during a five-day window that runs through Aug. 7, according to Kraken’s published schedule.
This is a disposal of residual spot balances, not leveraged positions or margin calls. Clients can no longer move the affected assets off Kraken because the withdrawal cutoff passed at 14:00 UTC on July 31. Kraken says it will liquidate the balances automatically based on prevailing market conditions.
Kraken published the delisting notice in April as part of a staged wind-down. Trading and deposits for the seven assets were disabled at 14:00 UTC on May 1, followed by the withdrawal cutoff three months later. The Kraken delisted tokens are now in the final scheduled stage, with liquidation set for Aug. 3-7.
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