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

Crypto CoinDesk By Ian Allison 25 Jun 2026 13:53 1 min read
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.

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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