Yesterday evening Kraken announced the decision to help in the recovery of QuadrigaCX funds by giving 100 thousand dollars to anyone who has clues or evidence in order to solve the case of the Canadian platform.

A few weeks ago, QuadrigaCX lost more than $190 million due to unclear reasons.

In an email sent last night to its members, Kraken explained that – having as a mission the acceleration of crypto adoption – they want to help improve the crypto world. For this reason, they decided to help in QuadrigaCX investigations and not only.

After having published a series of episodes on the security of exchanges and explained what happened to the Canadian exchange, Kraken decided to give a prize of 100 thousand dollars in fiat or cryptocurrency to those who were to give clues on how to solve the case.

The QuadrigaCX case

On January 26th, the CEO of the Canadian exchange, Gerald Cotten, died under suspicious circumstances, to the extent of raising doubts as to whether he actually died.

In theory, Cotten was the only person with access to the private keys and that’s why the $190 million held on the exchange would now be locked on the platform.

All the information that will reach the Kraken team will obviously be reported to the FBI and other law enforcement agencies that are following the case.

Obviously, Kraken’s mission is to find the funds, but exploiting a tragedy of this calibre – lost funds and even a dead person – to get self-promotion is perhaps not the most appropriate move.