TLDR Tech / Crypto
Kraken Wins $22M Arbitration Against Mazars
Kraken's parent company Payward won a $22 million arbitration award against auditor Mazars, which abandoned a nearly complete audit in 2022 amid Operation Choke Point 2.0 despite confirming in writing that it had no professional dispute with the firm, no concerns about management integrity, and found no fraud. Co-CEO Arjun Sethi noted Mazars cited 'uncertainty and risk from legal developments,' including the SEC's complaint against Kraken, when firing the firm.
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