September 25, 10:50

MultiversX restarts after exploit halt, Kraken still bars new EGLD trades

MultiversX restarts after exploit halt, but Kraken still bars new EGLD trades

CryptoSlate

MultiversX said its mainnet was back online on Thursday, Sept. 24. The disruption lasted about five days, although the exact stop and restart times were not fixed. MultiversX's technical account said a recovery upgrade had been deployed. The account also said block production had resumed. The network gateway returned a Sept. 24 block timestamp after the all-clear. Kraken's incident page still showed EGLD as cancel-only when checked on Sept. 24. Cancel-only trading lets customers cancel existing orders. It bars new orders and trade execution. Kraken had also paused EGLD deposits and withdrawals. Kraken had not posted a reopening time or resolution notice. MultiversX said an attempted exploit of a virtual-machine atomicity issue had caused invalid state changes. The issue prompted a pause in network progression. MultiversX warned that trading, deposits and withdrawals might remain paused at some exchanges for several more days. The account directed users to check their exchanges' official updates before using those services. Kraken first reported possible EGLD funding-gateway delays on Sept. 16. Kraken moved EGLD pairs to cancel-only trading on Sept. 19. Kraken also said deposits and withdrawals remained paused on Sept. 19. The dates alone cannot establish a cause for Kraken's original issue or its later escalation.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.