Payward says it won a $22M arbitration award against Mazars USA and asked Delaware Court of Chancery to turn it into a judgment after Mazars walked from Kraken's nearly finished 2022 audit. Kraken says Mazars found no fraud, no management-integrity issues, and no company disagreements, while Sethi framed the exit as part of Operation Chokepoint 2.0 pressure on crypto banking, auditors, and licenses.

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