Key Insights
Kraken parent Payward won $22 million against Mazars USA.
Mazars quit the near-complete audit despite finding no fraud.
The dispute strengthened calls for CLARITY Act passage.
Kraken parent Payward asked the Delaware Court of Chancery to enforce an arbitration award against Mazars USA. The crypto exchange said the auditor left its near-complete audit without fraud findings, raising fresh questions about debanking pressure.
The case placed Kraken back inside a broader U.S. policy fight. Payward co-CEO Arjun Sethi tied the dispute to Operation Chokepoint 2.0 and pushed Congress to pass the CLARITY Act.
Kraken Says Auditor Exit Created Business Harm
Payward said Mazars withdrew from its 2022 audit days before completion. Sethi said the firm found no fraud, raised no management integrity concerns, and reported no accounting disputes.
That withdrawal mattered because audits shape access to licenses, banks, investors, and corporate deals. Sethi argued that an unfi
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