Kraken’s CEO decided to close the company’s headquarters in San Francisco after blaming the city for being incapable of ensuring public safety. San Francisco Is not Safe Jesse Powell, the CEO of Kraken, released a statement that the company has closed the headquarters office located in San Francisco “after numerous employees were attacked, harassed, and robbed on their way to and from the office.” The statement first appeared on the Internet via a tweet by Richie Greenberg, a San Francisco-based political commentator. Since then, it has attracted numerous responses in the Twitter community regarding the safety issue in the city where many crypto companies are based. According to the words penned by Powell, San Francisco’s problems in public safety, crime, homelessness, and
Topics:
Jay Zhuang considers the following as important: AA News, kraken
This could be interesting, too:
Wayne Jones writes dYdX CEO Declares 35% Workforce Reduction
Chayanika Deka writes Former FTX’s Head of Engineering Nishad Singh Dodges Prison
Mandy Williams writes Aave Sees 0M Weekly Increase in cbBTC Inflows, But There’s a Catch
Wayne Jones writes MrBeast Linked to Over 50 Crypto Wallets Allegedly Involved in Insider Trading: Report
Kraken’s CEO decided to close the company’s headquarters in San Francisco after blaming the city for being incapable of ensuring public safety.
San Francisco Is not Safe
Jesse Powell, the CEO of Kraken, released a statement that the company has closed the headquarters office located in San Francisco “after numerous employees were attacked, harassed, and robbed on their way to and from the office.”
The statement first appeared on the Internet via a tweet by Richie Greenberg, a San Francisco-based political commentator. Since then, it has attracted numerous responses in the Twitter community regarding the safety issue in the city where many crypto companies are based.
According to the words penned by Powell, San Francisco’s problems in public safety, crime, homelessness, and drug abuse are totally “underreported” because “it is so commonplace.” The main issue, in Powell’s view, points to District Attorney Chesa Boudin, who has not done enough to criminalize and penalize law offenders.
“San Francisco is not safe and will not be safe until we have a DA who puts the rights of law abiding citizens above those of the street criminals he so ingloriously protects.”
Kraken’s decision came after Coinbase announced the shutdown of its headquarters in San Francisco by 2022. Last year, the company attributed the decision to its commitment to a decentralized workplace, meaning that no headquarters was assigned to a specific location. This practice is also embraced by Coinbase’s major competitor, Binance, which has operated as a remote global company since its launch.