StarkWare: Addressing Crypto Access Concerns for Overdue Wallet Updates, Following Feedback on X

In response to a surge of complaints on platform X, StarkWare has initiated a series of actions to overturn a decision they had previously taken, one that had left users unable to reach their cryptocurrency funds.

Highlighting the substantial impact of user input, StarkWare, the influential entity steering the Starknet blockchain, has committed to reinstating access to cryptocurrency assets for a specific group of users. This strategic move has arisen following a flood of complaints that inundated platform X (previously recognized as Twitter). Users amplified their concerns, alleging that their wallet balances were unjustly reset due to a technological upgrade.

A notable aspect of this issue is its disproportionate impact on users who had not updated their Argent or Braavos wallets in a timely manner to align with the upgrade.

During the prior Wednesday, platform X experienced an influx of posts from users who expressed their exasperation at discovering their account balances had been obliterated. This drastic measure emerged as a result of their wallets' incompatibility with the novel 0.12.1 upgrade introduced by Starknet.

In a post that encapsulated this sentiment, user @0xSisyphus conveyed, "StarkWare just zeroed all user balances on old wallets that didn't upgrade to the latest contracts - it's like the money in your bank account vanishing if you fail to obtain the newest software package."

StarkWare just zero'd all user balances on old wallets that didn't upgrade to latest contracts - equivalent of having the money in your bank account disappear if you don't get the latest software package

Thank You For Flying With StarkWare Airlines pic.twitter.com/QmzbeEya7Q

— Sisyphus (@0xSisyphus) August 30, 2023

Recognizing the intensifying discontent, StarkWare promptly issued an announcement declaring the rollback of the upgrade, thereby granting users the means to regain access to their funds. Nevertheless, owing to intricate technicalities, the process of funds reappearing in these wallets might extend up to a day.

Starknet had an important version update last week: 0.12.1. Several months ago, in preparation for this update, Starknet users were asked to perform an essential upgrade to their account.

When 0.12.1 went live, accounts that were not upgraded, became temporarily inaccessible.…

— StarkWare (@StarkWareLtd) August 30, 2023

It's noteworthy that users had previously been forewarned earlier in the same month, being strongly advised to update their wallets. The StarkNet account on platform X posted on August 7th, urging, "If you haven't already upgraded your wallet, now is the opportune moment to guarantee access to your funds." This situation underscores the importance of staying current with the evolving technological landscape within the realm of cryptocurrencies.