Kraken wins $22M as Arjun Sethi blasts Operation Chokepoint 2.0
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 Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit.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