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
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.
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.
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.