Kraken parent sues ex-custodian Etana over alleged $25M “Ponzi scheme”
Summary Kraken’s parent company, Payward, has filed a second amended complaint in Colorado federal court accusing former custody partner Etana Custody and its CEO of misappropriating more than $25 million in client funds. The suit alleges Etana ran a “Ponzi scheme” by commingling custodial assets with its own, funding expenses and risky bets, and papering
