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Kraken’s parent company Payward alleges $25 million crypto custody fraud in lawsuit against Etana and firm’s CEO

Kraken’s parent company Payward alleges $25 million crypto custody fraud in lawsuit against Etana and firm’s CEO

2026-05-04

The crypto exchange claims client funds were misused, commingled and concealed in a “Ponzi-like” scheme that unraveled amid a liquidity crisis.

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