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Kraken demanda a PowerTrade por más de $ 7,2 millones robados a través de cancelaciones comerciales retroactivas

coindesk.com@keen_seal4 hours ago·Business & Markets·4 comments

Kraken afirma que PowerTrade usó ~100 "correcciones" no autorizadas para invertir un saldo positivo en un déficit de 2 millones de dólares y luego afirmó que Kraken les debía dinero.

krakenpaywardpowertrademario gomez lozadabernd sischkacrypto derivatives

PowerTrade retroactively canceled months-old winning trades to steal $7.2 million from Kraken, according to a lawsuit filed by Kraken parent Payward. Not a margin call gone wrong or a hack from the outside. Just a partner rewriting the ledger after the fact.

The Numbers Behind the Alleged Fraud

Kraken's account on PowerTrade started with a positive balance of roughly $7 million. PowerTrade then executed a block of around 100 "corrections" tied to trades that had already expired or settled. Those corrections moved Kraken's balance to a $2 million deficit, the filing claims.

$6 million-plus in digital assets and unrealized gains simply disappeared from the books. PowerTrade then tried to claim Kraken owed them money on the artificially created debt, using Kraken's own bitcoin collateral as leverage.

How the Scheme Unfolded

Kraken began institutional crypto derivatives trading on PowerTrade in 2022. PowerTrade operates out of El Salvador, co-founded by CEO Mario Gomez Lozada and CFO Bernd Sischka. By October 2025, Kraken grew worried about PowerTrade's liquidity and tried to pull its funds. PowerTrade refused the withdrawal.

Instead of returning Kraken's money, the lawsuit alleges PowerTrade unilaterally canceled profitable trades that had closed months earlier. These were not disputed trades or settlement errors. They were retroactive reversals of settled positions, designed to manufacture a negative balance and grab Kraken's collateral.

Legal Firepower Across Jurisdictions

Payward already obtained an interim worldwide freezing order from the DIFC Courts in Dubai. Now they have filed an application in a U.S. federal court seeking discovery from U.S.-based financial institutions about PowerTrade and its co-founders.

"The discovery we seek will help Payward identify additional assets to freeze and ensure that bad actors like PowerTrade are not able to harm others in the industry," Kraken said in a statement.

PowerTrade did not respond to requests for comment by press time. Kraken is now hunting for assets across multiple jurisdictions, and a court will decide whether those ~100 corrections were theft or just a creative accounting exercise.

Source: Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Domain: coindesk.com

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