CryptoSlate
MultiversX said its mainnet was back online on Sept. 24, about five days after an exploit-related halt. A recovery upgrade was deployed, block production resumed and the network said normal activity could continue. Kraken’s latest EGLD notice still showed cancel-only trading, with deposits and withdrawals paused.
Why it matters
The restart and the exchange restrictions cover different systems. New blocks indicate that the network is reporting activity, but do not confirm that a customer transaction succeeded or that an exchange has reopened its trading and funding services.
MultiversX said an attempted exploit involving a virtual-machine atomicity issue caused invalid state changes and prompted the Sept. 19 pause. Its technical account warned that exchanges might need several more days to complete their own reopening processes, and directed users to check official exchange updates.
Market impact
On Kraken, cancel-only status lets customers cancel existing orders but bars new orders and trade execution. Deposits and withdrawals remained paused at the Sept. 24 check, and the incident page showed no resolution notice or reopening time.
Kraken first reported possible EGLD funding-gateway delays on Sept. 16, before MultiversX announced the exploit-related halt. The dates alone do not establish that the original Kraken issue was caused by the exploit. For Kraken customers, the key confirmation is an exchange update restoring trading and transfers; the network’s restart alone does not do that.
Frequently asked questions
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What did MultiversX report after its recovery upgrade?
On Sept. 24, MultiversX said the mainnet was back online, block production had resumed and normal network activity could continue.
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What does cancel-only trading mean for EGLD on Kraken?
Customers can cancel existing orders, but cannot place new orders or execute trades while the pair remains in cancel-only mode.
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Were EGLD deposits and withdrawals available on Kraken?
Kraken’s latest notice at the Sept. 24 check showed deposits and withdrawals paused, with no resolution notice.
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Did MultiversX’s restart confirm that Kraken had reopened?
No. The network’s return to block production does not restore services controlled by Kraken. The exchange must separately confirm that trading and transfers have resumed.
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When did Kraken first report possible EGLD funding delays?
Kraken first reported possible EGLD funding-gateway delays on Sept. 16, before MultiversX announced its exploit-related halt on Sept. 19. The dates alone do not establish a cause.
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