#arbitration award

The post Kraken wins $22M as Arjun Sethi blasts Operation Chokepoint 2.0 appeared on BitcoinEthereumNews.com. Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit. Co-CEO Arjun Sethi linked the dispute to Operation Chokepoint 2.0 and called for passage of the CLARITY Act. The exchange continues expanding its product suite with tokenized stock collateral and institutional lending services. According to a letter published Tuesday by Kraken co-CEO Arjun Sethi, parent company Payward has asked the Delaware Court of Chancery to enter judgment on the arbitration award after prevailing against Mazars USA. The dispute centers on the firm’s withdrawal from Kraken’s nearly completed 2022 audit, which Sethi said caused financial damage to the exchange. Am

Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. According to a letter published Tuesday by Kraken co-CEO Arjun Sethi,…

The post Kraken Seeks Delaware Judgment After $22M Arbitration Win appeared on BitcoinEthereumNews.com. Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against former auditor Mazars USA and asked the Delaware Court of Chancery to enter judgment on the award, according to a letter published Tuesday by co-CEO Arjun Sethi. Payward said Mazars withdrew from the exchange’s nearly completed 2022 audit despite finding no fraud, raising no concerns about management’s integrity and reporting no disagreements with the company. “An audit is not a favor. It is oxygen,” Sethi wrote, arguing that independent audits are essential for obtaining banking services, licenses and other business relationships. Sethi said Mazars’ resignation was part of what he described as Operation Chokepoint 2.0, a broader campaign that pressured banks, auditors and other institutions to cut ties with lawful crypto companies. The letter cited a series of regulatory developmen