Kraken Wins $22M From Auditor That Abandoned It During Operation Choke Point 2.0
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