Kraken's Parent Company Payward Files Lawsuit Against Etana, Alleging $25 Million in Crypto Custody Fraud
Payward, the parent company of Kraken, a prominent crypto exchange, has filed a lawsuit against its former custody partner, Etana, and the firm's CEO, Dion Brandon Russell, alleging a massive crypto custody fraud. According to the complaint, Etana misappropriated more than $25 million in client funds, which were supposed to be held in a secure and segregated manner. Instead, the funds were allege…