Kraken is under maintenance for two days

Originally, the exchange update was planned for 2 hours
12 January 2018   1075

Largest exchange Kraken updates its system for the second day, although initially planned to complete all the work within 2 hours. This is reported by Trustnodes. 

When it became clear that the exchange does not fit within the specified time frame, the message about unplanned delays appeared on the page intended for tracking the current status of the service. Later, the company reported that the work will continue for another 2 hours. And then this appeared:

Kraken unconfirmed screenshot
Kraken unconfirmed screenshot

The second weird status update above is unverified, but the latest status update for the exchange says:

We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade. This means it may still take several hours before we can relaunch the site.

Kraken Team

Probably, this is one of the longest updates in the history of crypto exchanges. It is still not clear what exactly happens on Kraken. The update should have been launched on January 6, but it was postponed several times. In one recent message, the exchange wrote:

While performing final checks ahead of rollout, we discovered a problem in one of the system components and expect to make another attempt after the issue has been resolved, in the next few days.

Kraken Team

They provided no detail regarding what issue was discovered. In a message posted this night on the status page of the service, they write: “protracted downtime has nothing to do with funding/reserves.”

The Kraken exchange experienced problems for several months, due to which traders often could not access the interface of the site, and the order placement sometimes required 20 or more attempts.

Often the site itself was not available, displaying various errors, which indicates that Kraken, like many other exchanges, was not ready for such a rapid increase in the number of users.

Finally, Kraken came to update its system, but its two-hour work turned for users almost two-day blocking of funds.

Kraken to Pay $100k For Info on QuadrigaCX Lost Funds

As reported, the exchange wants to raise awareness of the QuadrigaCX case and draw attention to it
01 March 2019   182

Kraken has announced its willingness to pay a reward of $ 100,000 for information that will help in the search for cryptocurrency assets missing from the Canadian exchange QuadrigaCX.

As stated on the website of the exchange, since 2014, Kraken has invested significant resources and provided expert assistance to the trustee and investigators conducting the case of Mt. Gox, supporting the return of the largest possible number of bitcoins to the lenders of the exchange.

According to the founder, the exchange wants to raise awareness of the QuadrigaCX case and draw attention to it. As Kraken hopes, it will be able to help find at least some or all of the missing customer funds.

Simultaneously, the exchange conducted a podcast with Jess Powell, in which it published the most known information about the QuadrigaCX case and the alleged death of its founder and CEO, Gerald Cotten.

As stated by the exchange, information that will help in the search for missing funds, will be transfered to law enforcement agencies. Remuneration to informants can be paid both in cryptocurrency and in Fiat.

According to experts, QuadrigaCX’s debt to customers is $ 190 million ($ 137 million in cryptocurrencies and $ 53 million in Fiat). Due to unrecorded obligations, this amount may, however, turn out to be $ 6 million higher.