Kraken wins $22 million arbitration award against former auditor Mazars after SEC-related fallout
By
Jack Newsham
Summary
Cryptocurrency exchange Kraken has won a $22 million arbitration award against its former auditor, Mazars, after the accounting firm abruptly quit following an SEC lawsuit against Kraken. The dispute centers on Mazars' withdrawal from auditing Kraken's financial statements in 2023, which Kraken argues caused significant reputational and operational damage. Court records show Kraken is now seeking to enforce the award and collect the $22 million from Mazars.
Source
bskyKraken wins $22 million arbitration award against former auditor Mazars after SEC-related falloutbusinessinsider.comKey quotes
· 3 pulledArjun Sethi, co-CEO of Kraken, spoke at a conference regarding the matter.
Kraken's auditor quit after an SEC lawsuit, court records show.
Now Kraken has won a $22 million award against Mazars, and it wants to collect.
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