Whalesbook
Asal mamla yeh hai ki Kraken ka kehna hai ki unhone saalon mein Etana ko hundreds of millions of dollars diye the taaki woh crypto trading mein help kar sakein. Lekin jab April 2025 mein Kraken ne apne 25 Million Dollars reserve funds nikalwane ki koshish ki, toh Etana ne bahane bana diye. Complaint mein bataya gaya hai ki Etana ne kam se kam 16 Million Dollars Seabury Trade Capital ke promissory notes mein laga diye the, jo baad mein default ho gaye aur wapas nahi mile. Aisa lagta hai ki yeh paisa Etana apne rozmarra ke kharchon mein istemaal kar raha tha, aur toh aur, Etana par clients ke assets ko apne foreign exchange trading mein istemaal karne ka bhi ilzaam hai, jismein jo bhi profit hota tha, woh khud rakhte the.
Yeh pura case crypto investors ke liye ek warning bell hai, kyunki custody mein hamesha risk rehta hai. Kraken ke litigation head ne kaha hai, "Agar tum hamare paise lete ho ya hamare customers ko dhokha dete ho, toh jaan lo: hum tumhe dhundenge, tum par case karenge, aur insaaf hone tak rukenge nahi." Kraken khud bhi billions mein transactions karta hai, toh woh apne users ke paison ko lekar kaafi serious hain. Waise, Etana ko Colorado authorities ne bhi pehle roka-toka tha aur September 2025 mein unke operations band karwa diye the, jiske baad November 2025 mein unhone liquidation process shuru kar diya.
Bro, yeh sab dekh kar lagta hai ki Etana jaisi companies mein systemic risks the. Traditional finance ke comparison mein crypto mein asset segregation aur oversight kamzor rehta hai. Competitors jaise Coinbase Custody, Gemini Custody, unki tarah strong insurance aur strict regulations follow karne chahiye the. Waise, Kraken ki parent company, Payward Inc., ab 20 Billion Dollars tak ki ho gayi hai, aur ek round mein 13.3 Billion Dollars ki valuation bhi mili hai April 2026 mein. Unka IPO plan bhi tha March 2026 mein, par abhi postpone kar diya hai market ki wajah se. Overall, crypto custody mein ab zyada security aur compliance ki zaroorat hai.