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Kraken starts forced sale of 7 delisted tokens, warns proceeds could be zero if liquidity thin

Global cryptocurrency exchange Kraken has begun automatically selling remaining user holdings in seven delisted tokens after users can no longer withdraw or dispose of them. The sales run from Aug. 3 to Aug. 7 local time and cover PLANCK, AIR, MICHI, FLY, ANLOG, TERM and STRD. Kraken warned some assets trade in limited markets or are effectively inactive, so sales may execute far below displayed prices and could yield little or no proceeds. It did not disclose execution venues, order, fees or spreads.