One of the Biggest Crypto Exchanges Goes Dark and Users Are Getting Nervous

One of the biggest cryptocurrency exchanges has been lower for hours and its clients are starting in order to freak out.

Kraken went offline at nine p. m. Pacific Time upon Wednesday for maintenance that was at first scheduled to last two hrs, plus an additional two to three hours regarding withdrawals, according to an announcement around the San Francisco-based company’ s site.

" We are still working to resolve the difficulties that we have identified and our team is operating around the clock to ensure a smooth upgrade, " according to a status update upon Kraken’ s website posted 7 hours ago. " This means it might still take several hours before we are able to relaunch the site. "

Within previous updates, Kraken mentioned it’ s working on " unexpected plus delicate issues" and assured customers their funds were secure, incorporating that " Yes, this is our own new record for downtime considering that we launched in 2013. Simply no, we’ re not proud of this. "

The short good cryptocurrencies has been rife with cyber criminals and stolen bitcoin, so difficulties with exchanges are quick to unnerve investors. In the most famous case, Mt. Gox filed for bankruptcy within 2014 after losing hundreds of thousands from the clients bitcoins. Less dramatically, well-known websites such as Coinbase have often crashed or slowed down in the past couple of months as they’ ve been unable to deal with the increased traffic coming from the increasing number of investors trying to cash in on the particular crypto boom.

Kraken is one of the exchanges that the CME Team Inc. is using to price the particular bitcoin futures it introduced final month.

Lack of conversation from fledgling companies, delays within withdrawals and transfers, high costs, and the creeping fear of a destructive attack are some of the issues generally retail investors face, and dissuade many more from jumping in.

With not even a phone number or even e-mail listed on Kraken’ s i9000 status page, the exchange’ s i9000 clients vented on Twitter.

A Twitter user using the name of Victor M. stated " im seriously considering your house kraken. anyone interested as well? " The Tweet got more than three hundred likes. A user with the name Northern Canton Cab Com tweeted in order to Kraken saying " due to the duration of down time can you at least assure all of us that our coins and accounts secure and havent been hacked or even stolen please, seems beyond any kind of normal circumstance at this point when people are involved sick! "

Other medication is resorting to humor, with Tweets user @Subbedeius posting " Kraken is the best platform to avoid panic-selling. This just doesn’ t work whenever sh*t hits the fan. "

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