RE: Nearly 40 Hours Later and the Kraken Exchange is Still Down - No ETA, No Need To Panic, All Right To Be Angry

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Nearly 40 Hours Later and the Kraken Exchange is Still Down - No ETA, No Need To Panic, All Right To Be Angry

in trading •  7 years ago 

Thanks for the reply!

I'm assuming the same theory now actually, although not so well thought out. Something preventing the rollback of certain systems, therein preventing a full rollback. Like new hardware that is set up in a RAID format with the old hardware? Grasping at my reaches of computer science.

I'm optimistic regarding a hack or a "take the money and run" scenario but how long Kraken is going to be down for and the integrity of each set of data is something I grow increasingly concerned about.

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  ·  7 years ago (edited)

I went to Kraken, only to get the familiar Maintenance page. However upon looking at the Status, it reads they are back on-line. So I refreshed a couple of times, and got the Kraken home page.

Once logged in the site ran really smoothly.

My Kraken balance shows correct, so that is good. The interesting thing is I went to Withdraw LTC and that feature is currently disabled.

I wonder if the pages flow so smooth because of less traffic, as I am not very optimistic about placing trades. It does seem like they are making progress. Makes me wonder if they could have got back to this state sooner, but bean counters were pushing to get back on-line.

--The fun continues.

EDIT: I had only read the most resent status update, as a few updates below it reads Withdraws are offline. hahaha, They know most people are ready to run away. I find it interesting that the deposit address works just fine.

It's actually good sense to prevent withdraws and deposits during the first day. If something goes wrong those are the areas most prone to causing money loss, so you want to prove the system is stable in the live environment before turning that on.

Trading has been going smoothly for me so far, though traffic doesn't seem too extreme right now. We'll see what happens in the next big movement in the market.

  ·  7 years ago (edited)

I see your point, but I disagree. Keep in mind, all I want to do is use the LTC wallet. Kraken has not stoped deposits, as I can create new addresses for sending funds to the exchange. However, the withdrawal feature is still down.

If their services are up to scale to handle trading, then certainly the wallet feature would be reliable. After-all the wallet is part of the true decentralized ledger, and not as dependent on their centralized servers.

I do not have a fiat account linked, and fund and withdrawal only in crypto.

Thanks again for the coverage, and sorry I missed the live stream. It is good to hear the trades are running smooth.