#settlement-risk News & Analysis

2 articles tagged with #settlement-risk. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles

CryptoBearishBlockonomi · 33m ago7/10

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Kraken Legal Fight Puts PowerTrade’s $7.2M Transfers Under Fire

Kraken's parent company Payward is suing PowerTrade over $7.2 million in disputed digital asset transfers and unauthorized account corrections that allegedly reversed settled trades. The legal action highlights risks in cryptocurrency exchange operations and settlement procedures, with Kraken's account balance shifting dramatically from positive $6 million to negative $2 million following the disputed transactions.

CryptoBearishCoinDesk · 3h ago7/10

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Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim

Kraken has filed a lawsuit against PowerTrade, claiming the crypto derivatives firm made unauthorized account adjustments that converted a $7 million positive balance into a $2 million deficit through retroactive 'corrections' on settled trades. The dispute highlights custody and operational risks in cryptocurrency derivatives trading.