#custody

Kraken's Banker Was Allegedly Running a Ponzi Scheme With Client Funds — And Covered It Up for a Year

May 4, 2026 · 4 min read

Kraken's parent Payward just sued its former custodian Etana for misappropriating $25 million in client funds in what it calls a 'Ponzi-like' scheme. Etana allegedly stalled withdrawals with fake reconciliation issues while plugging holes with new deposits.

The Bank That's Held Wall Street's Money Since 1784 Just Opened a Direct Door to Stablecoins

Kraken's Banker Was Allegedly Running a Ponzi Scheme With Client Funds — And Covered It Up for a Year

The 20 Millionth Bitcoin Was Just Mined. Here's Who Gets Paid to Secure the Last Million.

#custody

The Bank That's Held Wall Street's Money Since 1784 Just Opened a Direct Door to Stablecoins

Kraken's Banker Was Allegedly Running a Ponzi Scheme With Client Funds — And Covered It Up for a Year

The 20 Millionth Bitcoin Was Just Mined. Here's Who Gets Paid to Secure the Last Million.

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