Cryptocurrency exchange Kraken revealed a significant increase in data requests received in 2023. Among the main findings, Kraken disclosed that 28.2% of the requests came from US law enforcement agencies, accounting for a large portion of the total number of queries. Kraken provides services to a vast clientele of over 9 million in 190 countries/regions. The company revealed that it received 4,923 data requests in 2023, a significant increase from previous years. Kraken stated that it has a responsibility to comply with laws and regulations while prioritizing the protection of customer privacy. The company also claimed that it adheres to strict policies and procedures to ensure data disclosure complies with applicable laws and regulations.

These requests come from various levels of government, including federal, state, and local entities, with law enforcement agencies being the main agencies seeking information. The most common request types involve investigative matters, with regulatory agencies also playing an important role.