Kraken gave 7 hours notice of shutdown
There are worries about something fishy happening at the Kraken Exchange because of a hastily-announced system upgrade that started at midnight ET Wednesday.
The exchange has been having problems over the past few weeks. High traffic and trading is certainly a plausible explanation but nerves are always frayed in crypto and there is always a conspiracy.
The initial notice said: “Kraken services will be offline for about 2 hours during the upgrade, possibly longer.”
It’s been nearly 34 hours. The company has put up several updates on its maintenance page with the last one more than 2 hours ago saying “it may still take several hours”.
People aren’t happy.
Thankfully Bitcoin has been fairly stable over that time, but imagine if it was crashing? People would be losing their minds.