Because of major security reasons, Kraken shuts down its global headquarters in San Francisco

As one of the world’s largest cryptocurrency exchanges based in the United States closes its San Francisco-based headquarters, the Golden City is losing its shine. In a retweet, Kraken’s CEO Jesse Powell has announced that the company’s global headquarters at 548 Market Street, which is situated in the middle of San Francisco, will be closed soon.

Initially, Richie Greenberg, the San Francisco-based political commentator, had posted a tweet by describing the conditions as very aggressive because it had been reported that multiple employees were harassed and attacked while on their way to the office. The statement further stated that San Francisco is totally unsafe, and the crime is also underreported.

Another cryptocurrency exchange company which is also based in the United States, has announced that it will also close its headquarters in San Francisco, but the company has not mentioned regarding the crime or anything else. Instead, they have stated that the company is following the footsteps of its competitor Binance to become a fully remote working global company. 

The Twitter community has also responded by giving out the dark anecdotes of working in a place like San Francisco. The living situation has become so dreadful that there are apps available that track human waste all over San Francisco. One such application is ‘Snap Crap,’ which is very popular among people. With the help of this app, people of the city can navigate without stooping into human waste.

The Reddit and Twitter community has also made their opinion vocal on how the rental price is increasing excruciatingly, which resulted in the rise of the homeless people, and the ‘crime’ in the city has become absolutely rampant.

The average rent in the city has reached the threshold of 3000 US dollars per month, and according to the San Francisco Chronicle, more than 18000 people are homeless right now in the city.

A San Francisco poop map. Source: ARCgis

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...