The SEC is walking away from cases against major crypto players including Kraken, Coinbase, Robinhood, Opensea, and Uniswap Labs.

The top 20 centralized cryptocurrency exchange has soft-launched its Ink Mainnet Layer 2 one week ago.

Kraken’s perpetual trading volume is projected to hit $27 billion this month.

The centralized exchange plans to launch the chain in 2025.

Kraken’s Chief Security Officer confirmed the funds have been returned minus a small amount “lost to fees.”

The cybersecurity firm made a suspiciously large number of transactions to “test” a vulnerability in the crypto exchange.

Kraken vows to fight SEC lawsuit, says all services will continue uninterrupted