Crypto exchange Kraken is embroiled in an SEC probe over whether it sold unregistered securities, report says

• The SEC is investigating Kraken over whether it offered unregistered securities for sale, per Bloomberg.
• The crypto exchange and the SEC could come to a deal over the probe in coming days, the report said.
• The crypto industry is facing intensified scrutiny after the spectacular demise of major exchange FTX.

Crypto exchange Kraken is under investigation by the Securities and Exchange Commission over whether it broke rules by selling unregistered securities to US customers, according to a Bloomberg report.

The US markets regulator's probe is at a late stage and a settlement with Kraken could arrive in the coming days, the Wednesday report said, citing a person familiar with the matter.