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.

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…

Payward Inc., Kraken's parent company, sues crypto derivatives platform PowerTrade over alleged misappropriation of $7 million in funds.