It will also pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities.
“The complaint alleges that Kraken touts that its staking investment program offers an easy-to-use platform and benefits that derive from Kraken’s efforts on behalf of investors, including Kraken’s strategies to obtain regular investment returns and payouts,” an SEC statement said.
The crypto exchange responded, saying it would automatically unstake any assets staked by U.S. clients except for staked ether
This won’t be unstaked until after the Ethereum Network’s Shanghai upgrade takes effect.
U.S. clients will also be unable to stake new assets (including ether).
Non-U.S. clients are unaffected.
