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The post Kraken secures $22M in damages over crypto debanking fallout: Details appeared on BitcoinEthereumNews.com. Kraken has secured a major win for the harm it endured during Biden-era industry-wide crypto debanking, popularly known as Operation ChokePoint 2.0. In a statement, Kraken co-CEO David Ripley said the exchange’s parent company, Payward, was awarded $22 million in damages against its auditor, Mazars. Ripley explained that Mazars abandoned the audit in 2023, citing ‘legal developments’ linked to an SEC complaint. He noted that there was no professional disagreement, yet Mazars called it quits, exposing the firm to significant losses. That SEC complaint? Later dismissed with prejudice. No penalties. No changes to our business. But the abandoned audit cost us years and millions in legal fees to clear a cloud we did nothing to create. Ripley acknowledged that Mazars was pressured, mirroring a broader trend against the crypto industry by the Biden administration. The firm wa
Read full articleWEMIX going live on Kraken gives the Web3 gaming token a cleaner liquidity venue, but the more interesting question is what traders do with it now. Gaming tokens have been through several hype cycles, and exchange access
The post Kraken Adds SN64 Spot Trading As Exchange Listing Pipeline Stays Active appeared on BitcoinEthereumNews.com. Kraken Adds SN64 Spot Trading As Exchange Listing Pipeline Stays Active Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/kraken-adds-sn64-spot-trading-as-exchange-listing-pipeline-stays-active-2/
Kraken’s SN64 listing is a small story in market-cap terms, but it still tells us something about exchange behaviour. Even in a stricter regulatory climate, major platforms continue to expand spot markets where they see
Kraken’s SN64 listing is a small story in market-cap terms, but it still tells us something about exchange behaviour. Even in a stricter regulatory climate, major platforms continue to expand spot markets where they see
The post MiCA Regulated Exchanges Liquidity Highlights Kraken’s Lead appeared on BitcoinEthereumNews.com. When regulators draw a line in the sand, liquidity tells you who was ready. According to data from DefiLlama, Kraken dominates MiCA-regulated exchanges in liquidity by a wide margin — sitting atop the rankings with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, both figures the highest among the sampled platforms operating under the EU’s Markets in Crypto-Assets framework. Key takeaways Kraken leads all MiCA-regulated exchanges with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity. Coinbase ranks second in both categories: $305.23 million spot, $167.39 million perpetual. Kraken covers 1,704 markets — more than any other sampled MiCA-regulated exchange. Crypto.com, Bitstamp, and Bybit occupy the mid-tier of spot liquidity, ranging from $130.84 million down to $50.19 million. Backpack and OKX are notable outliers: both show p
FIFA's governance scrutiny could destabilize its crypto partnerships, impacting investor confidence and potentially triggering regulatory actions. The post Trump’s FIFA intervention puts spotlight on the organization’s crypto partnerships with Kraken and Avalanche appeared first on Crypto Briefing.
The post Kraken Arbitration Win Highlights Regulatory Challenges appeared on BitcoinEthereumNews.com. Kraken’s parent company just turned years of regulatory frustration into a $22 million arbitration win — and the story behind it exposes just how much damage the Biden-era crackdown on crypto quietly inflicted on the industry. Key takeaways Payward, Kraken’s parent company, won a $22 million arbitration award against auditor Mazars USA after the firm abandoned a nearly complete audit in 2022. Mazars halted the audit just days before completion, citing legal uncertainty including an SEC complaint against Kraken — a complaint later dismissed after Gary Gensler resigned. The arbitrator found that Mazars’ withdrawal created a “licensing crisis” for Kraken, affecting its ability to obtain state money transmitter licenses; $12.5 million of the award relates to Kraken’s acquisition of TradeStation Crypto. Operation Choke Point 2.0 — the Biden administration’s unofficial campaign pressuring ba
The post Kraken Wins $22M From Auditor That Abandoned It During Operation Choke Point 2.0 appeared on BitcoinEthereumNews.com. 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. Kraken’s parent company, Payward, has won a $22 million arbitration award against its former auditor, Mazars USA, which walked away from a nearly finished audit, the crypto exchange said in a blog post on Tuesday. Payward is now asking the Delaware Court of Chancery to enter final judgment on the award, in an open letter from co-CEO Arjun S
