Home NEWS Kraken Exchange Offers $100K bounty for Missing QuadrigaCX funds

Kraken Exchange Offers $100K bounty for Missing QuadrigaCX funds

Kraken offers reward

Kraken, a leading crypto exchange, is offering up to $100,000 to anyone who can help solve the suspicious mastery of the missing QuadrigaCX crypto coins.

What exactly happened?

About a month ago, on January 26, QuadrigaCX (a Canadian crypto exchange with global clients) suspended operations. Seven weeks previous, their CEO passed away unexpectedly, leaving the business without a continuity plan.

Apparently, he was the only person who knew the location and could access the client funds (fiat and crypto) totaling approximately $190 million US dollars (belonging to circa 115,000 clients).

This event created a great deal of suspicion in the crypto community.

Can you help?

Kraken announced Thursday it would pay the reward to users who could help it locate the missing funds.

Any tips sent to Kraken be shared with law enforcement, the company said in a blog post. The reward is payable in fiat or cryptocurrency.

To participate, Kraken is encouraging users to listen to a pair of podcasts that outline both what is already known about QuadrigaCX and what Kraken’s operators believe happened.

For further information visit Kraken’s blog post here.