Kraken Offers $100K Reward For Information on QuadrigaCX Case

The exchange says it wants to raise awareness about the ongoing investigation

With conspiracy theories still abounding, cryptocurrency exchange Kraken has decided to wade into the murky waters surrounding the QuadrigaCX scandal.

In a short email sent to clients, the cryptocurrency exchange said that it wants to bring more attention to the QuadrigaCX case.

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The exchange plans on doing that by paying $100,000 to anyone that provides it with information that will lead to the finding of $190 million in missing funds.

For those of you who are unfamiliar with the story, at the end of January, QuadrigaCX, a Canadian cryptocurrency exchange, suddenly shut down.

It’s estimated that the company had around 115,000 clients and that the exchange was holding approximately $190 million in deposits.

After shutting down, QuadrigaCX then said that its CEO, Gerald Cotten, was dead, having fallen ill while on a trip to India in December.

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The exchange also said that Cotten alone had access to most of the cryptocurrency held by the company.

Since then, conspiracies, including the claim that Cotten faked his death, have spread across the internet like wildfire.

Kraken only paying money for genuine information

And now, in a move definitely not aimed at boosting its own profile, Kraken has stepped into the mix.

The exchange says that it will pass on any details it receives to the FBI or the Royal Canadian Mounted Police.

Anyone that passes on details to the exchange will only be rewarded if the details they provide either lead to police finding the funds or help them make substantial progress in the case.

The money will be paid out in fiat currency or, if the person prefers, in cryptocurrency.

“Kraken wants to bring awareness and attention to this case,” said the cryptocurrency exchange in an email sent on Friday, “in [the] hope that we can help discover some or all of the missing client funds.”

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