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Kraken Offers $ 100,000 For Information About Cryptocurrency Missing From QuadrigaCX


The US cryptocurrency exchange Kraken offers a reward of $ 100,000 for any information on the whereabouts of the virtual currency missing from the Canadian trading platform QuadrigaCX. Kraken representatives said they want to call attention to the incident and try to get the money back.

On January 26, 2019, QuadrigaCX reported a loss of $ 190 million in digital assets. Representatives of the company attributed the disappearance of cryptocurrency to the death of the co-founder of the exchange, Gerald Kotten, died of Crohn's disease in India. According to QuadrigaCX representatives, only Kotten had the keys to the cold exchange wallet, so they cannot access the virtual currency. However, after the death of Gerald, transactions were recorded from the vault of the trading platform, so traders do not believe the words of the management of the exchange.

Kraken exchange is going to participate in the investigation of the incident. Chief Executive Officer Jesse Powell says he has information about several thousand wallets owned by QuadrigaCX. He believes that QuadrigaCX reprresentatives are deceiving their users and, in order to shed light on this convoluted story, he offered a reward of $ 100,000 for information that will help find the disappeared money.

QuadrigaCX reported missing 11.278 Bitcoin Cash, 26.488 Bitcoin, 35.320 Bitcoin Gold, 11.149 Bitcoin SV, 429.966 Ethereum and 199.888 Litecoin. According to Kraken, the situation with QuadrigaCX is detrimental to the reputation of the cryptoindustry. As in the case of the burglary of the Mt.Gox incident will negatively affect the attitude of investors to the digital asset market, so it is important not only to return the money, but also to figure out what happened. And $ 100,000 in this case is quite a reasonable fee.