Kraken is turning a $22 million arbitration victory into a broader argument that the crypto industry’s years-long battle with regulators is far from over.
In a blog post, Payward, Kraken’s parent company, said it has asked the Delaware Court of Chancery to enter final judgment against former auditor Mazars USA after prevailing in arbitration over the firm’s decision to withdraw from Kraken’s nearly completed 2022 audit.
Benzinga contacted Mazars for comment, but did not recieve a response at the time of publication.
The Fallout With Mazars
According to Kraken, Mazars had audited the company’s financial statements for three consecutive years. During that time, it issued two clean audit opinions. The exchange said the third audit was nearing completion when Mazars resigned in December 2023.
