CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

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

CryptoSlate logo

Published on

Add as a preferred source on Google
MultiversX restarts after exploit halt, but Kraken still bars new EGLD trades

MultiversX, a blockchain network, said its mainnet was back online Thursday, Sept. 24, about five days after an exploit-related halt. Its technical account, @CodeMultiversX, said a recovery upgrade had been deployed, block production had resumed and normal network activity could continue. The official gateway returned a Sept. 24 block timestamp after that all-clear, showing that the network was reporting new blocks.

Kraken's latest posted EGLD notice told a different story for customers of that exchange. Its incident page still showed cancel-only trading and paused deposits and withdrawals when checked Sept. 24, with no resolution notice. Cancel-only lets customers cancel existing orders; it bars new orders and trade execution. The chain's restart therefore did not, by itself, restore the ability to trade EGLD or move it through Kraken.

@MultiversX said on Sept. 19 that an attempted exploit of a virtual-machine atomicity issue had caused invalid state changes and prompted a pause in network progression. The Sept. 24 technical update said engineering had completed recovery checks. The two dates put the disruption at about five days, although the statements do not fix the exact stop and restart times.

The MultiversX gateway's post-all-clear timestamp is consistent with the network's report that block production resumed. It cannot show whether a particular customer transaction succeeded or whether a trading venue has reopened its own systems. @CodeMultiversX warned that trading, deposits and withdrawals might remain paused at some exchanges for several more days while those platforms completed their reopening processes. Its all-clear applied to the network, while exchange access required separate confirmation.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.