Kraken Offers $100K Reward for Help Finding Quadrigacx Funds

$100,000 Reward for the Best Lead to Discovery
On Jan. 26, 2019, the Canadian cryptocurrency exchange Quadrigacx lost a significant amount of digital assets that belonged to customers totaling $190 million. However, almost two months before the disclosure of losses, the Quadrigacx founder and chief executive officer Gerald Cotten passed away and allegedly he was the only individual with access to the private keys. Although, since then there have been many investigations into the matter, alleged wallet movements and other oddities tied to the Quadrigacx loss. Because of the odd circumstances, the cryptocurrency exchange Kraken announced in a blog post that it is offering $100,000 if someone helps them find the missing funds. “Some say the events and circumstances surrounding this case are too suspicious to be believed,” Kraken’s post explained.
Situations Like the Quadrigacx Loss Impact the Entire Industry
There’s been a lot of clues tethered to the Quadrigacx situation and just recently it was revealed that Cotten explained in a 2014 podcast that he kept customers’ bitcoins printed on paper and kept them in a safety deposit box at the bank. The remaining owners of Quadrigacx have been seeking protection from creditors by using the legal system. According to Cotten’s widow and other Quadrigacx employees, the owner was the only person who had the keys holding 11,278 BCH, 26,488 BTC, 35,320 BTG, 11,149 BSV, 429,966 ETH, and 199,888 LTC.
Image credits: Shutterstock, Pixabay, Quadrigacx, Pixabay, and Kraken.
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