RE: Nearly 40 Hours Later and the Kraken Exchange is Still Down - No ETA, No Need To Panic, All Right To Be Angry
I am not saying that you are wrong in your optimism, however as you mentioned, "They had announced this maintenance through their twitter feed several hours before it happened and the site went down as expected". Several hours notice is not scheduled maintenance, but more like a major fire.
While pulling the plug is sometimes the best option, it implies a real issue. It seams to me there would have been a contingency where trading is stopped to reduce load and isolate systems, while account balance and wallets are available to move funds.
However it is possible, as advertised, this is a bug that did not show until it was launched on production. It seems you would put the system back and work on it in the development environment.
I am leaning towards database corruption that is compounded by backups that do not reflect the stable state. It is possible backups are corrupted with how long they have been running at max capacity. They might eventually get it right, but wow what a headache for the team working on this. Obviously not much fun for the users either.
I have not looked, but if they have been hacked, seems the transfers would show on the ledger.
Time will tell. Thanks for the article!
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.
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.
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.