SEC Accuses Crypto’s Kraken of Running Unregistered Exchange
- Regulator alleges Kraken commingled client assets with its own
- Agency settled with Kraken in February over staking service
This article is for subscribers only.
The US Securities and Exchange Commission accused crypto exchange Kraken of securities-law violations, less than a year after unveiling a $30 million settlement with the firm over other alleged conduct.
In its latest salvo against the crypto sector, the regulator claimed Monday that Kraken commingled customer assets with its own and at times paid expenses from bank accounts that held customer cash.