The SEC Just Sued Kraken: Here's Why
Kraken has been accused of listing over a dozen unregistered securities on its platform, and of mixing company assets with customer funds....
- The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken.
- Kraken is accused of listing unregistered securities and mixing company assets with customer funds.
- The lawsuit alleges securities law violations and the unlawful facilitation of buying and selling crypto asset securities.
- Kraken's handling of customer assets is criticized for poor internal accounting practices that put customer funds at risk.
- Kraken previously settled charges with the SEC in February related to its staking as a service product.
The article portrays a negative sentiment towards Kraken, highlighting the accusations and violations made by the SEC regarding unregistered securities and mishandling of customer funds.