Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

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Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

“Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some of its own,” the suit said. “In fact, Kraken has at times paid operational expenses directly from bank accounts that hold customer cash.” www.coindesk.com

“Similarly, Kraken has held at times more than $5 billion worth of its customers’ cash, and it also commingles some of its customers’ cash with some of its own,” the suit said. “In fact, Kraken has at times paid operational expenses directly from bank accounts that hold customer cash.”

www.coindesk.com

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