We have been silent for a long time on the status of PirateChain (ARRR) and we regret the inconvenience caused. In this post, we would like to give you a quick summary on what happened and what our next steps are.

As some of you know, we had to disable deposits & withdrawals months ago after our deposit wallet, heavily used for mining, had grown to multiple GBs in size and become unresponsive after just a few days of running. It took several rescan attempts, each taking multiple days to complete, in order to restore its funds. This is mainly where the delays came from, together with the lack of Z-transaction commands required for on-chain bookkeeping as well as absence of any outgoing transactions’ history.

Looking through all transactions on our deposit wallet we found that, in some cases, we issued transaction change in addition to the actual transaction amount. This was obviously not intended and we are or will be in touch with those users to ensure proper balances which of course includes reimbursing users which are missing their valid withdrawals.

We kindly ask for your patience while we are verifying our numbers and making sure the issue mentioned above does not happen again.