CustodyStress
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Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00994

Estate access failure — Kraken (2022)

Survives
Case description
A 2022 estate that included Bitcoin held on Kraken required the executor to submit notarized documentation, a death certificate, letters testamentary, and the account holder's last known government ID. Kraken's process also required a statement of the anticipated use of funds and a confirmation that the estate had sought legal advice. The administrative burden effectively meant that small estates—where the Bitcoin value was modest—were not worth pursuing through the formal process, leading to those assets being abandoned by executors.
Custody context
Stress conditionOwner death
Custody systemExchange custody
OutcomeSurvives
DocumentationUnknown
Year observed2022
CountryUnited States
Structural dependencies observed
Institutional cooperation requiredLegal process required
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
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Framework references
Terms guide
Survives
Access remained possible under the reported conditions.
Constrained
Access remained possible, but only with delay, dependence, or significant difficulty.
Blocked
Access was not possible under the reported conditions.
Indeterminate
There was not enough information to determine the outcome.
Single-person knowledge
Recovery depended on information or capability held by one individual who was unavailable.
Institutional dependence
Recovery depended on a third-party institution or service that was inaccessible or uncooperative.
Documentation gap
Recovery depended on instructions that were missing, incomplete, or unclear.
Authority mismatch
The person with legal authority to act did not have operational access, or vice versa.
Original text
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