Major cryptocurrency exchange Kraken is still offline, two days after going down and users are worried

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Kraken, one of the world’s largest cryptocurrency exchanges has been down for two days and its users are worried.

The San Francisco-based company’s went offline at 9am PST on Wednesday for maintenance that was initially scheduled to last two hours, plus an additional two to three hours for withdrawals. They made the following announcement.

“We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade,” according to a status update on Kraken’s website posted seven hours ago. “This means it may still take several hours before we can relaunch the site.”

Two days later and they have just released the following maintenance update

and users have received the following email from Kraken support

Time will tell if Kraken’s delay in going back online are simply understandable growing pains experienced by its peers and fellow popular websites such as Coinbase who have frequently crashed or slowed down in the past few months as they’ve been unable to handle the increased traffic coming from the growing number of investors trying to cash in on the crypto boom. The developer community have voiced they think this is the case.

So hopefully Kraken is a victim of their own success and it’s users wont lose their cryptocurrency a la Mt.Gox who filed for bankruptcy in 2014 after losing hundreds of thousands of its clients bitcoins rumoured to amount to around $450 Billion, ouch!

Some users are already fearing the worst

I hope for the sakes of Kraken users that the site is back up and running in the near future and nobody loses any of their Bitcoin, Ethereum or other Altcoins.

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