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

The U.S. crypto exchange is the latest targeted by the Securities and Exchange Commission in a series of similar actions being fought in court by other companies.

By Nikhilesh De|Edited by Jesse Hamilton

Updated Mar 9, 2024, 1:56 a.m. Published Nov 20, 2023, 10:41 p.m.

Kraken co-founder and chairman Jesse Powell was CEO of the company during most of the time the Securities and Exchange Commission has accused it of operating illegally. (CoinDesk)