Starkware Enforces Temporary Lockout on Users Who Did Not Upgrade Wallets

One sentence summary – Starkware, a blockchain company, has temporarily locked out users who did not upgrade their wallets to the latest smart contracts, causing temporary inaccessibility for affected accounts and sparking a debate over user funds and network innovation.

At a glance

  • Starkware has enforced a temporary lockout on users who did not upgrade their wallets to the latest smart contracts of Starknet by the August 21 deadline.
  • Accounts that were not upgraded have become temporarily inaccessible.
  • Some users of Argent and Braavos may experience a delay in regaining access until tomorrow.
  • The lockout has ignited a debate over user funds and network innovation.
  • Approximately $78 million worth of assets are currently locked within Starknet accounts, affecting approximately 15% of the user base.

The details




News Article

Starkware, a leading blockchain company, has recently enforced a temporary lockout on users who did not upgrade their wallets to the latest smart contracts of Starknet by the August 21 deadline.

As a result of this action, accounts that were not upgraded have become temporarily inaccessible.

While access will be restored, some users of Argent and Braavos may experience a delay in regaining access until tomorrow.

The lockout has ignited a debate over user funds and network innovation.

Starkware’s decision to temporarily lock users out of outdated wallets has drawn attention and raised concerns within the cryptocurrency community.

Ana Vukina, a customer support agent for Argent, stated that all accounts that were not upgraded to the latest smart contracts by the deadline were rendered “deprecated” and temporarily unusable.

The company had repeatedly warned users about the upcoming upgrade for months and strongly urged them to save their funds before the deadline.

However, despite the warnings, a significant number of users failed to upgrade in time, resulting in the lockout.

Criticism has arisen regarding Starkware’s approach to the situation.

Some users expressed dissatisfaction with the network’s handling of the upgrade process, particularly its allowance for users to lose access to their funds temporarily.

Suggestions for alternative methods to protect user funds without disrupting Starkware’s innovation have been put forward.

Data from Starkscan reveals that approximately $78 million worth of assets are currently locked within Starknet accounts, with $546,000 being held within accounts deemed “out of date.”

This signifies the significant impact of the lockout on a portion of the network’s 2.1 million accounts, affecting approximately 15% of the user base.

Starkware has assured users that access to their accounts will be re-enabled, with Argent and Braavos users potentially regaining access as soon as tomorrow.

The company emphasizes the importance of upgrading to the latest smart contracts to ensure the security and usability of funds.

The temporary lockout imposed by Starkware on users who did not upgrade their wallets to the latest smart contracts has caused temporary inaccessibility for affected accounts.

While the company has agreed to re-enable access, some users of Argent and Braavos may experience a delay in regaining access.

Starkware’s approach has faced criticism, prompting discussions on protecting user funds while maintaining network innovation.

The lockout affects a significant portion of the network’s accounts, with millions of dollars worth of assets currently locked.

Users are reminded to upgrade their wallets to ensure the security and usability of their funds.


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A closed padlock icon with a small clock symbol on it, indicating a temporary lockout for users who haven’t upgraded their wallets.

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decrypt.co
– Starkware has temporarily locked users out of their outdated wallets, but has agreed to re-enable access.
– Accounts that were not upgraded to Starknet’s latest smart contracts by August 21 became temporarily inaccessible.
– Users of Argent and Braavos may have to wait until tomorrow to regain access.
– Ana Vukina, a customer support agent for Argent, stated that all accounts that were not upgraded by the deadline were rendered “deprecated” and unusable.
– Starkware has warned users about the upgrade for months and urged them to save their funds.
– Some users were not pleased with Starknet’s initial approach and criticized the network for allowing users to lose access to their funds.
– Alternatives were suggested that would protect user funds without slowing down Starkware’s innovation.
According to Starkscan, over $78 million in assets are locked within Starknet accounts, with $546,000 in “out of date” accounts.
– Approximately 15% of the network’s 2.1 million accounts are out of date.

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