David Bonderman, Visionary Financier and Seattle Kraken Co-Founder, Passes Away at 82

Los Angeles — David Bonderman, a prominent figure in finance and sports whose entrepreneurial spirit reshaped industries, died on Dec. 11 at the age of 82, announced TPG, the company he co-founded. Known for his discreet presence and significant influence, Bonderman’s ventures ranged from turning around a major airline to bringing the Seattle Kraken National Hockey League team to life. Educated at Harvard Law School, Bonderman’s career took a transformative turn when he represented Robert Bass, leading to an invitation to manage the Bass family’s investments in Fort Worth, Texas. Despite his initial lack of … Read more

SEC Pursues Legal Action Against Kraken, Accuses Crypto Exchange of Selling Unregistered Securities

San Francisco, California — A notable legal action hastaken shape in the U.S. financial regulatory landscape as the Securities and Exchange Commission (SEC) has initiated a lawsuit against cryptocurrency exchange Kraken. The suit was filed in the Northern District of California and centers on allegations that Kraken engaged in activities involving unregistered securities. The SEC’s complaint seeks a court order to permanently bar Kraken from committing further violations relating to the alleged securities infractions. Additionally, the commission is pursuing the disgorgement of profits deemed to have been illicitly gained through these activities, alongside imposing other … Read more