Crypto exchange, Kraken, is offering up to $100K as a reward for tips that lead to the discovery of the missing $190 million taken from the beleaguered QuadrigaCX exchange last month. Read 21CRYPTOS’ previous article on QuadrigaCX to see where the story began. Kraken announced the reward in a blog post where they state that any tips sent to the platform will be shared with law enforcement. The reward can be taken in either fiat or cryptocurrency.
QuadrigaCX has faced financial difficulty after the sudden death of its founder Gerry Cotten in December last year. The 30-year-old apparently died due to complications from Crohn’s Disease in December last year, taking the only passwords to the cold wallets with him to the grave.
Kraken point out that the reward is at their sole discretion and will only be awarded for information leading to “significant progress or discovery of all or some of the missing client funds”. They say that their involvement comes from the fact that events like this impact the entire industry.
They also reveal their own theories, analysis and assessment of the “most plausible explanations or theories based on our experience as exchange operators” in two podcasts, which you can listen to here, and here. They suggest listening to the episodes before submitting any tips here.
BTC “Mistakenly” Transferred To The Very Wallets Quadriga Are Unable To Access
Quadriga allegedly owes $198 435 000 to its users but holds only $286 000 in cash. The exchange has sought creditor protection in a Canadian court.
Ernst & Young (EY), Quadriga’s court-appointed monitor in the creditor protection case, revealed to the Canadian court that Quadriga had “mistakenly” transferred 103 BTC to the cold wallets on February 6, the very same wallets which the company is unable to access.
Crypto enthusiasts found a group of addresses that received multiple small transfers on that date, almost the same amount as mentioned to the court. These addresses had not seen any transactions for months. Reddit user Decoze published the addresses of these wallets. Perhaps worth a read and a little sleuthing could lead you to a $100K reward.
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