Kraken Shuts Down Headquarters Due To San Francisco Crime Spike -Breaking
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Kraken Closes Headquarters in San Francisco Due to Crime Spike- Kraken – one of the largest United States-based cryptocurrency exchanges – closes its headquarters in San Francisco.
- Kraken’s CEO retweeted an announcement stating that the exchange will close its headquarters located in the center of San Francisco, at 548 Market Street.
- The statement by the exchange’s CEO also alleges that “San Francisco is not safe”, with crime “dramatically underreported.”
Kraken, one of the most important cryptocurrency exchanges in America, has closed its San Francisco headquarters.
Jesse Powell, Kraken’s CEO, retweeted an announcement stating that the exchange will close its headquarters located in the center of San Francisco, at 548 Market Street. Richie Greenberg (a San Francisco political commentator) originally tweeted the statement.
Powell declared:
We shut down Kraken’s global headquarters on Market Street in San Francisco after numerous employees were attacked, harassed, and robbed on their way to and from the office.
The statement by the exchange’s CEO also alleges that “San Francisco is not safe”, with crime “dramatically underreported.”
Kraken will not be the only U.S-based cryptocurrency exchange to close down its San Francisco global headquarters. Coinbase (NASDAQ 🙂 will do so in 2022. Coinbase did not mention crime and homelessness in closing its San Francisco-based headquarters.
The Twitter (NYSE:) community was quick to deliver commentary on the news that Kraken’s headquarters will be leaving San Francisco and shared some dark anecdotes of working in the city.
San Francisco’s living conditions have improved to the extent that mobile apps are available that can track and report on human waste. These apps are designed to help residents navigate the city and avoid stepping on human waste.
Reddit, Twitter and Reddit also shared their concerns about the rising rent prices in San Francisco that is causing an increase in homelessness. According to the San Francisco Chronicle, there are currently approximately 18,000 homeless people in San Francisco.
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