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BSCN·2026-05-04 23:32
KRAKEN PARENT ACCUSES ETANA OF MISUSING $25M IN CLIENT FUNDSKraken’s parent company Payward alleges Etana Custody failed to return $25 million in client funds.The claim was made in a filing with a U.S. District Court in Colorado. Kraken says the issue was not poor management, but a deeper structural problem.The filing describes a Ponzi like setup reliant on new deposits. Etana allegedly used funds for expenses and risky investments, per court filing. ...