Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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The SEC is suing Kraken.
Another one of the world’s largest cryptocurrency exchanges joins Coinbase and Binance in facing charges of operating as an unregistered securities exchange, as well as accusations (PDF) of commingling customers’ crypto assets and cash with its own and even allegedly paying expenses directly from bank accounts that held customer cash.
Kraken agreed to pay a $30 million fine in a settlement when it ended its crypto staking program in the US earlier this year; we’ll see if this case ends up costing it more.
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