Byward, the company that owns Kraken, is accusing Etana of a $25 million Ponzi-like custody scam.

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اتهمت شركة بايورد, شركة الام لبورصة المشفرة المشفرة كراكن, يتانا كتانا كاسرصة إفيفيوس بروزيلة شبيب بمزي بمسرة بنزي. It is alleged that the fraud process illegally obtained more than $25.0 million from customers.

The second amendment to the lawsuit was filed on May 4, 2026 in the United States Federal Court in Mayotte.

inside the alleged security fraud operation

Bayord claims that Etana mixed the employees’ reserves with the company’s money. The complaint alleges that no less than $16.0 million was transferred to the Sibori tribal bonds.

These bonds later defaulted. you claim documents provided أن راسل اشرف personally على اسماء على اسردة على القيي القياة القيدام الإسولم كانها امنة امنة

تلابت کراکن شبه نہ 25.0 мілін $ فی اپریل 2025. عرکلت آتانا الافراسی بمشاسا بمشاستون بایورد اها اورکت

The company failed to provide the necessary assistance to return the funds. The documents claim that Etana was using new deposits to cover the previous deficit. الشكوى described this pattern as similar to a Bonzi scheme.

Judicial custody limits recovery

It entered legal liquidation in November 2025 after it was issued regulatory authorities In Colorado orders waqf and talik. according to The judicial guard appointed by the courtthe cash balance is about $6.83 million, while the liabilities exceed $26.0 million, which is why the demand is high.

The judicial team cooperates with Bayord by providing documents and making former employees available.

The encrypted resources stored on Amazon web surfaces became unreadable. AWS closed the account due to unpaid fees in March 2026.

The federal case against Keanat Itana is pending, but it is continuing against Russell. He faces personal responsibility for fraud and theft of civil property. And since the judicial team chose not to defend vigorously, it stops restoring the password.



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