Kraken CEO commented on the report of the General Prosecutor’s office in new York

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Kraken CEO commented on the report of the General Prosecutor’s office in new York

CEO bitcoin exchange Kraken, Jesse Powell criticized the actions of the regulators of the state of new York, comparing them to a girl who pursues her ex-boyfriend even after breaking up.

NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on and are better off without them. #getoverit https://t.co/DC5S1WyRnp

— Jesse Powell (@jespow) September 19, 2018

“New York is hard, all seeking to control the ex that you broke up three years ago but which still haunts you, casting a shadow over your new relationship, because they do not want to admit that you are happy and moving on without her,” — said Powell.

In Kraken sarcastically thanked the taxpayers of this state for the financing of the report that contains nonpublic data competitors.

Thanks to the NY taxpayer for funding this research — Product saved our team a lot of time, and we got some interesting non-public info on our competitors. Excellent overview of issues, and a nice list of Questions Customers Should Ask’ on pg 32. https://t.co/S5XxopBEyC

— Kraken Exchange (@krakenfx) September 19, 2018

Representatives of the exchange also added that the voluntary provision of information does not mean that the platform works illegally in new York.

We must, however, object to the highly unprofessional/malicious implication that because we did not respond to the voluntary information request, we *might* be operating illegally. We told you we don’t operate in NY. AG trying cases in court of public opinion now?

— Kraken Exchange (@krakenfx) September 19, 2018

“We said don’t work with residents of new York. Does the Prosecutor’s office to influence public opinion?”.

It is noteworthy that the report was published the day before expiry bitcoin futures on the Chicago Board options exchange (CBOE).

Is it a coincidence that this was published the day before the expiration of the @CBOE futures contract? Who traded on insider information and what is being done to prevent manipulation by @NewYorkStateAG employees? Quis custodiet ipsos custodes? https://t.co/XwrW46ywdf

— Kraken Exchange (@krakenfx) September 19, 2018

“Who trades on insider information? If measures to prevent [likely] market manipulation, organized by the staff of Prosecutor’s office?”, noted in Kraken.

Recall, Coinbase denies allegations of trade in their own interests and ready to cooperate with regulators.

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