Kraken Wins $22M Arbitration Against Auditor | Bitcoin and Crypto News

Kraken’s parent company Payward just won a $22 million arbitration victory against former auditor Mazars USA, accusing them of sabotaging the crypto firm’s access to banking and licenses by abandoning their 2022 audit — a move they call “Operation Chokepoint 2.0.” The co-CEO claims this coordinated regulatory and institutional pressure targeted crypto firms, and the award aims to compensate for the financial harm. Meanwhile, the Federal Reserve is moving to remove “reputation risk” from bank supervision, potentially ending this kind of debanking. Despite the turmoil, Kraken remains on track for an IPO — possibly delayed until 2027 — as market conditions and cost-cutting influence timing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4f80f759574398b4