ASIC secures judgment against Kraken crypto exchange operator
The Federal Court of Australia today ruled Bit Trade Pty Ltd, the operator of the Kraken crypto exchange in Australia, failed to comply with design and distribution obligations.
The Federal Court of Australia today ruled Bit Trade Pty Ltd, the operator of the Kraken crypto exchange in Australia, failed to comply with design and distribution obligations.
Lana Sinelnikova won a wrongful dismissal claim against Retail FX and CFDs broker ActivTrades at a UK employment tribunal hearing in 2020.
The SEC has charged Kraken, with operating a crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade Pty Ltd, provider of the Kraken crypto exchange.
To settle the SEC’s charges, Kraken agreed to immediately cease offering or selling securities through crypto asset staking services.
Kraken is reducing its global workforce by approximately 1,100 people, or 30%, in order to adapt to current market conditions.
Dave Ripley joined Kraken through its acquisition of Glidera, a crypto wallet funding service where he was co-founder and CEO.
Carrie Dolan brings more than 25 years of executive leadership and financial services expertise to Kraken.
Digital asset platform Kraken announces it has acquired non-custodial staking platform Staked for an undisclosed sum.
The CFTC imposes a $1.25 million penalty against Kraken for offering illegal off-exchange digital asset trading.