Question 1

Why is Kraken's parent company suing Mazars?

Accepted Answer

Payward is suing because of Mazars' abrupt withdrawal from its 2022 audit in December 2023, and a confidential arbitration later awarded Kraken $22 million. Payward now wants a Delaware court to enter final judgment so it can enforce that award.

Question 2

How much of the award was linked to the TradeStation acquisition?

Accepted Answer

More than half of the award was tied to the TradeStation acquisition. In fact, of the $22 million award, $12.5 million was connected to Kraken's purchase of TradeStation Crypto.

Question 3

What happened to the SEC lawsuit against Kraken?

Accepted Answer

The SEC filed its complaint against Kraken in late 2023, and the agency withdrew the case with prejudice in March 2025, with no penalties and no admission of wrongdoing.

Mazars

Kraken parent firm Payward pursues legal action after $22M Mazars ‘vindication’

One sharp brief.
Every day.

Mazars

Kraken parent firm Payward pursues legal action after $22M Mazars ‘vindication’

One sharp brief.Every day.

One sharp brief.
Every day.