FBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations
The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities.
Kraken announces its launching in Canada and a partnership with a software development company Vogogo.
The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities.
Kraken isn’t alone in its decision to cut back on staff numbers. Throughout 2022, various blockchain and crypto companies have adjusted their staff numbers to stay afloat.
As part of the settlement, the crypto exchange Kraken paid $362,000 to the US Treasury. It is also investing $100,000 for implementing additional sanctions compliance controls.
Since Ripley became COO of Kraken, the company grew from 50 to over 3,000 workers. Besides, under his guidance, Kraken completed more than 16 acquisitions and secured a significant number of global regulatory licenses and partnerships.
Ukrainians are making several moves in response to the devastating war in their country, as such, they are seeking to launch a financial attack on Russia as a way to fight back.
This acquisition made by Kraken is a demonstration that the platform has evolved beyond custodian and trading venue.
Powell revealed that Kraken now has eyes set on a more traditional initial public offering (IPO) describing the firm’s stance on the plan as ‘very serious’ as they look to avoid any potential issue should they go public via a direct listing.
The crypto market has been seeing unusual growth these days, encouraging exchanges to go public. Kraken’s major rival in the US Coinbase has already received approval from the SEC for its direct listing.
In the interview with Bloomberg, Powell noted that Kraken currently has “no reason” to raise new capital. The CEO, however, pointed out that the company may seek to accelerate its acquisitions.
The acquisition will allow Kraken to offer its exchange service to most Americans and Canadians.