Case summary
What happened
KriptoEarn allowed Kriptomat users to place supported crypto assets into protocol staking through a simplified exchange interface while remaining the stated owners of the assets. On 11 November 2022 Kriptomat temporarily paused new KriptoEarn deposits because market vulnerabilities could affect external partners, while stating that Kriptomat itself had no liquidity issue and that principal plus accrued rewards through 10 November would be moved to regular wallets. Product materials published later show that KriptoEarn was again available, but the reviewed evidence does not establish the exact restart date. On 19 May 2026 Kriptomat announced an orderly company wind-down after withdrawing its MiCA authorisation application. The wind-down hub later marked termination of KriptoEarn positions and the 30 June 2026 cessation of regulated services as completed, while residual customer balances remained subject to read-only and manual withdrawal processes.
Customer result
Customer outcome
Unknown
Internal-wallet return is not equated with completed external recovery. Residual accounts remained subject to read-only access, manual processing, compliance review, operational limitations, and possible fees.
- Estimated recovery
- Not classified. Kriptomat states that KriptoEarn positions were terminated and assets returned to main wallets, but the reviewed evidence does not establish completion of external withdrawal, Kraken transfer, manual processing, or account closure for every customer.
- Repayment started
- 2026-05-19
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Customer-owned
Customer-owned reflects the reviewed KriptoEarn terms and does not imply self-custody, instantaneous withdrawal, guaranteed rewards, absence of partner or protocol exposure, or completed external withdrawal during the 2026 wind-down.
- Affected product
- KriptoEarn staking deposits, rewards, Earn account balances, and assets returned to Kriptomat main wallets during wind-down
- Confidence
- High
KriptoEarn version 4.0 states that users remain sole owners of qualified virtual currencies while authorizing Kriptomat to use them for staking on the user's behalf. The assets were represented in a Kriptomat Earn sub-account and remained subject to protocol-specific deposit and withdrawal periods, service suspension rights, dynamic rewards, partner or protocol execution, fees, and platform operational controls.
Known unknowns
Uncertainty
The exact initial KriptoEarn launch date and exact post-2022 restart date were not established. First-party statements support internal-wallet return of KriptoEarn positions, but they do not prove that every customer completed an external withdrawal, transfer to Kraken, manual claim, or account closure.
Chronology
Historical record
Kriptomat temporarily pauses KriptoEarn
Kriptomat paused new KriptoEarn deposits because market vulnerabilities could affect external partners and said existing principal and rewards through 10 November would be transferred to customers' regular Kriptomat wallets.
Kriptomat stated that it had no liquidity issue. Later product pages indicate KriptoEarn became available again, but the exact restart date was not established.
Kriptomat announces a MiCA-related orderly wind-down
Kriptomat announced that it would stop offering crypto services by 30 June 2026 after withdrawing its MiCA authorisation application, while stating that it remained solvent and customer assets were available for withdrawal.
The announcement described a regulatory and business wind-down rather than insolvency, fraud, misconduct, or an enforcement shutdown.
KriptoEarn positions and regulated Kriptomat services end
Kriptomat's wind-down hub marked termination of KriptoEarn positions and the 30 June cessation of regulated services as completed, with assets moved to main wallets and residual balances transferred to read-only and manual-processing procedures.
Internal-wallet return and service termination do not prove that every customer completed an external withdrawal, Kraken transfer, manual claim, or account closure.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
customer outcome
1 sourcesKriptomat wind-down information hub
Kriptomat
Current first-party hub marks the phase terminating KriptoEarn positions and the 30 June service deadline as completed, states that assets were moved to main wallets, and describes read-only and manual withdrawal treatment for residual accounts.
Event
1 sources11.11.2022. KriptoEarn - Important announcement
Kriptomat · 2022-11-11
Primary source for the temporary pause, disabled new deposits, planned transfer of principal and rewards through 10 November to regular wallets, partner-risk explanation, and Kriptomat's statement that it had no liquidity issue.
failure reason
1 sourcesKriptomat to Wind Down Operations by 30 June 2026
Kriptomat · 2026-05-19
Primary source for the withdrawn MiCA authorisation application, planned 30 June cessation, claimed solvency and withdrawal availability, Kraken transition option, and continued support for residual obligations.
ownership
1 sourcesKriptoEarn Staking Services Terms of Use
Kriptomat · 2023-04-26
Version 4.0 states that users remain sole owners of qualified virtual currencies while authorizing Kriptomat to use them for protocol staking, subject to protocol-specific deposit and withdrawal periods, dynamic rewards, fees, and service suspension rights.
terms risk
1 sourcesKriptomat Terms of Service during wind-down
Kriptomat
Current terms describe cessation of regulated services after 30 June 2026, residual administration and asset-return activities, service restrictions, inactive-account and manual-processing fees, and continued compliance checks during wind-down.
No evidence records match the current filters.
Comparative records