Bitcoin exchange Kraken announced today it is giving up to $100,000 USD (fiat or crypto) as a reward for the tip(s) that best lead to the discovery of the missing $190 million US dollars from QuadrigaCX.
On January 26, QuadrigaCX (a Canadian crypto exchange with clients around the world) suspended operations. Seven weeks prior, their CEO passed away suddenly and unexpectedly, leaving the business without a continuity plan. Supposedly, he was the only person who knew the location of and/or could access the client funds (fiat and crypto) totaling approximately $190 million US dollars (belonging to 115,000 clients). Some say the events and circumstances surrounding this case are too suspicious to be believed.
Kraken wants to bring awareness and attention to this case, in hopes that it can help discover some or all of the missing client funds.
“Since 2014 we have invested significant resources and lent our crypto expertise to the MtGox trustee and investigators, supporting the return of as much client funds as possible and as soon as possible. Events like this impact the entire industry, which is why we want to get involved if there’s a way we can help.”
To hear the many facts of the case so you can help Kraken solve this mystery, check out and listen and/or watch the below-linked podcasts. Kraken reveals its own analysis and subjective assessment of the most plausible explanations or theories based on its experience as exchange operators.
- EP 3: Chasing the Conspiracy (what we may know)
- EP 4: Solving the Conspiracy (what we think happened)
Go here to submit tips or leads.
Important terms: Kraken is offering this reward for information leading to significant progress or discovery of the all or some of the missing client funds. It is up to our sole discretion which tips warrant a reward, if any. The total of all rewards will not exceed $100,000 USD. Kraken may end this reward program at any point in time. All leads collected by Kraken will be provided to the FBI, RCMP or other law enforcement authorities, who have an active interest in this case.