Kraken Cryptocurrency Exchange Finally Back Online

From PC Mag: Patches and upgrades are normally pretty predictable —or, at least, most companies can give a decent estimate for when services might come back online after a routine upgrade cycle. Kraken, a popular cryptocurrency exchange, was stuck in upgrade Hell for much, much longer than it anticipated this week, adding to the anxiety of users who have already blasted the site for trading errors and slowdowns.

Kraken posted last week that it was planning to go offline for system upgrades on Wednesday, January 10, at approximately 9:00 p.m.—a reasonable period of downtime when fewer users are likely trading cryptocurrencies.

"Kraken services will be offline for about 2 hours during the upgrade, possibly longer. Withdrawals in all currencies will be offline for an additional 2-3 hours after other systems come online. If you submit a withdrawal request while withdrawals are offline, the withdrawal will be sent after withdrawals come online again," read Kraken's announcement.

Unfortunately for Kraken, its tiny window of downtime blew up into an issue that kept the exchange offline for more than two days.

"We are still working to track down an elusive bug which is holding up launch. This bug did not appear in our many weeks of testing and only emerged in the production environment. Unfortunately, it is not consistently reproducible and we cannot launch until this issue is resolved. To reiterate our earlier statement: stale (and possibly all) orders will be canceled, and liquidations will be paused before trading is resumed," reads Kraken's status update during its unexpected downtime.

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