PRESS RELEASE
11 May 2026

BSF Files Motion To Amend Complaint To Assert Fraud Claim On Behalf Of Payward

BS
Boies Schiller Flexner

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Boies Schiller Flexner is a firm of internationally recognized trial lawyers, crisis managers, and strategic advisers known for our creative, aggressive, and efficient pursuit of successful outcomes for our clients.

Today, BSF filed an unopposed motion on behalf of Payward, the parent company of Kraken, one of the world’s largest digital asset exchanges.
United States

Today, BSF filed an unopposed motion on behalf of Payward, the parent company of Kraken, one of the world's largest digital asset exchanges.

The motion requests leave to file a second amended complaint in Payward's federal lawsuit against Etana Custody Limited, Etana Custody, Inc., and Etana founder and CEO Dion Brandon Russell. Payward alleges that defendants orchestrated a years long fraud to conceal their misappropriation of tens of millions of dollars in custodial assets entrusted to them by Payward. Payward seeks recovery of at least $25 million in damages.

CoinDesk: Kraken's parent company Payward alleges $25 million crypto custody fraud in lawsuit against Etana and firm's CEO

Contributor

Boies Schiller Flexner is a firm of internationally recognized trial lawyers, crisis managers, and strategic advisers known for our creative, aggressive, and efficient pursuit of successful outcomes for our clients.

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