Kraken Parent Payward Joins Glasswing, Gets Access to Claude Mythos to Hunt Security Flaws
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Kraken's parent company, Payward, joins the U.S. Tech Force initiative.
According to Odaily Odaily, Kraken's parent company, Payward, has announced its participation in the White House-backed "US Tech Force" federal technology talent program. This program aims to recruit top engineers for two-year terms to participate in the development of key areas such as artificial intelligence, cybersecurity, data modernization, software engineering, and blockchain-based security infrastructure. These individuals will directly participate in the development of federal projects related to the U.S. fiscal system and defense technology. In addition, Payward has pledged to recruit talent trained by the Tech Force to its team, establish a two-way talent mobility mechanism between the government and the private sector, and promote the further integration of decentralized innovation with core U.S. infrastructure.
Onyx Odds raises $20 million in funding, led by Kraken's parent company, Payward.
According to Foresight News , citing Axios, sports prediction marketplace Onyx Odds has completed a $20 million funding round led by Kraken's parent company, Payward, valuing the company at $220 million. CEO Leul Dadi stated that the company plans to expand into other trading products.
Kraken parent Payward revenue rises 17% as trading volume falls in Q2
Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
Kraken's parent company wins $22 million arbitration case against auditing firm Mazars.
Odaily that Kraken's parent company, Payward, has won an arbitration against its former auditing firm, Mazars USA, with the arbitrator ruling that Mazars must pay Payward $22 million. Payward is currently seeking confirmation of the arbitration award and a final judgment from the Delaware Court of Chancery. The controversy stemmed from the peak of "Operation Choke Point 2.0" in 2022. Payward claims that Mazars abruptly withdrew from an audit of Kraken that was nearly complete, without finding any problems with the company, but this move damaged Kraken's reputation and forced it to spend years and significant legal fees clarifying its situation. Payward co-CEO Arjun Sethi stated that auditing is not a "gift" for crypto companies, but rather a critical infrastructure for maintaining trust with banks, licenses, counterparties, and regulators. An auditing firm withdrawing without finding anything negative leaves the company unjustly shrouded in suspicion. "Operation Choke Point 2.0" is the crypto industry's term for the regulatory pressure exerted during the Biden administration, referring to the informal pressure exerted by US regulators on banks to restrict services to crypto businesses after the FTX collapse. Sethi stated that the US FDIC sent at least 25 letters to 24 banks, demanding that they suspend or avoid expanding their crypto-related businesses. This ruling is also seen as a legal counterattack by the crypto industry against such regulatory pressure.
Kraken's parent company has sued derivatives platform PowerTrade, accusing it of "misappropriating" $7.2 million in funds.
PANews reported on June 25th that, according to CoinDesk, Kraken's parent company, Payward, has filed for an investigation in a US federal court against cryptocurrency derivatives platform PowerTrade and its co-founders, accusing them of "misappropriating" approximately $7.2 million in digital assets and unrealized profits. The lawsuit alleges that PowerTrade unilaterally used approximately 100 "correction" transactions to retroactively cancel profitable positions that had matured or settled months prior, turning Payward's PowerTrade account from a positive balance of over $6 million to a negative balance of nearly $2 million, and attempting to seize his Bitcoin collateral. Payward has obtained a global asset freeze order from the Dubai International Financial Centre Court and has initiated further legal proceedings in multiple locations.
California agencies will receive Claude access at a 50% discount.
Odaily Odaily reports that California Governor Gavin Newsom announced a partnership with Anthropic, granting California agencies access to Claude at a 50% discount. (Jinshi)