MultiversX is producing blocks again after a five-day halt caused by an attempted exploit. But Kraken users still can't trade or move EGLD, as the exchange holds back pending its own checks.
MultiversX's mainnet is running again. But for anyone with EGLD on Kraken, nothing has changed. The exchange still blocks trading, deposits, and withdrawals. MultiversX brought block production back online on September 24 after a five-day stop triggered by an attempted exploit. Kraken, though, has not reopened EGLD trading or funding. There's no word on when it will.
MultiversX's tech team says the network is back to normal. But Kraken's incident page still lists EGLD pairs as cancel-only. Deposits and withdrawals are paused. Cancel-only means users can cancel old orders but can't make new trades or place new orders. EGLD activity on Kraken is at a standstill. The exchange hasn't given a date for reopening. Its incident log shows EGLD funding problems started even before the network's exploit-related halt.
The MultiversX network was halted for approximately five days after an attempted exploit, with block production resuming only after a coordinated recovery and hard fork.
The trouble started on September 19. MultiversX publicly reported an attempted exploit that targeted a virtual-machine atomicity bug. This flaw caused invalid state changes and forced the network to stop block production. The MultiversX team moved fast. They built a fix and worked with validators, exchanges, and infrastructure partners to roll it out. In an update, the team said the incident was contained. They identified the attacker's accounts and froze them with help from major exchanges. Law enforcement got involved. Recovery used a coordinated hard fork from a known-good checkpoint to keep the blockchain's state intact.
By September 23, MultiversX said block production would likely restart around 16:35 UTC, if recovery steps and validator checks went as planned. Independent news confirmed blocks started again on September 24. But EGLD access on exchanges like Kraken stayed locked. Early MultiversX statements called it an active investigation into a possible mainnet issue. They did not mention theft, lost wallets, or missing funds. The team focused on transparency and a quick fix.
For Kraken users holding EGLD, there's still no timeline for when trading or withdrawals will return. MultiversX's technical account has warned that some exchanges may keep EGLD paused for days, depending on their own internal reviews. The network is back, but that doesn't mean instant access or liquidity for exchange customers. Users should watch for official updates from their exchange before trying to move funds.
MultiversX operates as a high-throughput blockchain platform utilizing a secure Proof-of-Stake consensus mechanism and sharding to achieve scalability. Its native token, EGLD, is used for staking, governance, and transaction fees, making exchange access critical for ecosystem participants.
Kraken's EGLD freeze shows how network status and exchange operations can fall out of sync. Even when a blockchain is back up, exchanges may keep assets locked until they finish their own risk checks and technical reviews. This isn't new. BitMEX, for example, only reopened withdrawals for users in certain regions after its own separate shutdown, as reported earlier. MultiversX's response and recovery show the network can bounce back. But for users, the slowest part of the chain-often the exchange-decides when they get access again.
On September 24, MultiversX's official gateway confirmed blocks were being produced again. But Kraken's incident page still listed EGLD trading as cancel-only, with deposits and withdrawals paused. The network was down for about five days, from the attempted exploit on September 19 to the restart on September 24. Neither MultiversX nor Kraken has shared numbers on affected transactions or user balances.
Centralized exchanges are the middlemen between blockchain networks and users. When a network hits a technical problem or exploit, exchanges have to decide whether to stop trading, freeze deposits and withdrawals, or keep going. These calls are made independently from the network's own status and can last even after the main issue is fixed. That means users with assets on exchanges may wait longer to regain access, no matter what's happening on the blockchain itself. It's a reminder that managing digital assets means understanding both network and exchange risks.
