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Kraken Sues Etana for $75M in Client Funds

Kraken Sues Etana for $75M in Client Funds

Published 2 weeks, 6 days ago
Description

Kraken sues Etana and CEO Dion Russell for allegedly stealing $25M in client funds, accusing them of running a Ponzi scheme and misusing assets. Kraken seeks $75M in damages and court orders to halt the fraudulent activities, highlighting the risks of unregulated crypto custodians.

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