Kraken Wins $22M From Auditor That Abandoned It During Operation Choke Point 2.0
In brief An arbitrator awarded Payward, Kraken's parent company, $22 million after it sued former auditor Mazars USA for quitting a nearly complete audit, the exchange said in a blog post. Co-CEO Arjun Sethi said Mazars...
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Here is the latest from the digital-asset markets: In brief An arbitrator awarded Payward, Kraken's parent company, $22 million after it sued former auditor Mazars USA for quitting a nearly complete audit, the exchange said in a blog post. Co-CEO Arjun Sethi said Mazars cited legal uncertainty around the SEC's since-dismissed case against Kraken when it withdrew, and alleged the firm had been pressured to drop the industry.
Payward is asking the Delaware Court of Chancery to enter final judgment on the award, and Sethi used the letter to press for passage of the Clarity Act.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
