PowerTrade changed Kraken’s positive balance of around $7 million to a $2 million deficit via a series of unauthorized “corrections” related to trades that had expired or settled months earlier, according to a legal filing.
Kraken has filed a lawsuit against crypto derivatives firm PowerTrade, alleging the misappropriation of funds. According to a legal filing, PowerTrade unilaterally altered Kraken's positive balance of approximately $7 million, transforming it into a $2 million deficit. These…
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