Notice of IRS Summons

Last updated: 2025. ápr. 2.

In May 2021, Kraken received a summons from the Internal Revenue Service (IRS) demanding that we produce a wide range of records and data relating to our U.S. clients. Kraken convinced the court to substantially reduce the number of clients affected and the amount of client data it would have to produce. However, the court ordered Kraken to produce profile information and transaction histories for a specific cohort of clients.

A Court Order from the Northern District of California, Granting in Part and Denying in Part Petition to Enforce Summons, can be found below:

If you have any questions or concerns please read our FAQ section below:

The IRS issued a summons to Kraken demanding that we produce a range of records and data relating to our U.S. clients. Since one of our guiding principles has always been maintaining our clients' security and privacy, we objected to the IRS’s demands and fought the summons in court.

After a lengthy litigation process, Kraken convinced the court to substantially reduce the number of clients affected and the amount of client data it would have to produce. However, the court ordered Kraken to produce profile information and transaction histories for clients who exceeded $20,000 USD in transactions during any single year from 2016 to 2020.*

*Accounts covered by the court order were determined by the sum of deposits, withdrawals, and trades conducted by the account. This means that even if you did not make any trades, but your deposits and withdrawals totaled more than $20,000 USD, your information will be shared.

The court order requires us to produce the following information for accounts covered by the order:

  • •

    Name

  • •

    Date of birth

  • •

    Tax ID

  • •

    Address

  • •

    Contact information

  • •

    Transaction history for 2016 to 2020

Kraken will not share information with the IRS beyond what it is required to provide under the court order.

Yes, at Kraken the security and privacy of our clients is of the utmost importance. All sensitive account information is encrypted at rest at both the system and data level. Learn more about how we secure our clients' information. We will also securely transmit the data to the IRS.For IRS’ data policy, visit: IRS Privacy Policy

Unfortunately we can not provide legal advice to our clients. Please consult your attorney for guidance.

Kraken expects to share the information required by the court’s order in early November 2023.

For further questions, feel free to contact our Support team.

További segítségre van szükséged?