Kraken Exchange Offers $100K Reward for Missing QuadrigaCX Crypto
Nikhilesh De's original article for www.coindesk.com reduced by 42%
Crypto exchange Kraken is offering up to $100,000 to anyone who can help solve this year's biggest blockchain mystery: what happened to QuadrigaCX's coins? Kraken announced Thursday it would pay the reward to users who could help it locate the missing funds. To participate, Kraken is encouraging users to listen to a pair of podcasts that outline both what is already known about QuadrigaCX, the Canadian crypto exchange that collapsed last month, as well as what Kraken's operators believe happened. "Kraken is giving up to $100,000 USD as a reward for the tip(s) that best lead to the discovery of the missing $190 million US dollars," Kraken's post said.
According to court filings QuadrigaCX owes roughly 115,000 customers about $137 million in cryptocurrencies and another $53 million in fiat, or $190 million overall. In court filings, Cotten's widow, Jennifer Robertsen, said that he was the only individual at the exchange who knew the private keys to its crypto reserves, which were held in cold storage. Further, while the exchange indicated that the majority of its crypto funds were held in cold storage, it has so far not released any wallet addresses to confirm this.
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