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Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim

CoinDesk· Ian Allison· Jun 25, 2026 · 1:53 PM
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim

PowerTrade changed Kraken’s positive balance of more than $6 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.

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