A certain exchange sues Etana Custody over alleged misappropriation of $25 million
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A certain exchange has accused Etana Custody and its CEO, Dion Russell, of misappropriating, commingling, and concealing client funds, with the amount involved exceeding $25 million, claiming their actions resemble a Ponzi scheme. The lawsuit alleges that Etana covered losses with new deposits, and the CEO is accused of orchestrating the misconduct and hiding the funding gap.
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