Payward, the parent company of cryptocurrency exchange Kraken, has filed a lawsuit against crypto derivatives platform PowerTrade, alleging that about $7.2 million in digital assets and trading gains were improperly removed through disputed account corrections and retroactive trade cancellations, according to court filing details
The complaint filed in a U.S. federal court claims PowerTrade executed a series of unilateral adjustments that reduced Payward's institutional trading balance by more than $6 million, including reversals of trades that had already been settled months earlier, CryptoNews detailed.
