₿ **Kraken's parent company Payward alleges $25 million crypto custody fraud in lawsuit against Etana and firm's CEO**

The crypto exchange claims client funds were misused, commingled and concealed in a “Ponzi-like” scheme that unraveled amid a liquidity crisis.

🔗 https://www.coindesk.com/business/2026/05/04/kraken-s-parent-company-payward-alleges-usd25-million-crypto-custody-fraud-in-lawsuit-against-etana-and-firm-s-ceo

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