Very recent, Cryptovibes reported that New York State Attorney General burst on major cryptocurrency exchange. It declares exchanges are operating unlawfully which points “Kraken” trading platform along with Binance, Gate.io, and Huobi Global Limited.
Kraken exchange was the interestingly respond the report in a series of tweets. Consequently, its CEO, Jesse Powell took to Twitter, stating “NY is that abusive partner and he is not taking it seriously”.
The series of Tweets goes as follows;
“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,”
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
More interestingly he says “Thanks to the NY taxpayer for funding this research”. He notes “Page 32” seems an excellent source, giving chance for customers to ask questions”.
Here is what was written on Page 32 of the 42-page report;
Customers should also be aware that the platforms that refused to participate in the OAG’s Initiative may not have adequate policies and procedures in place governing trading suspensions, outages, or scheduled maintenance, and that customers’ virtual or fiat currencies may become unavailable for transfer or withdrawal, without notice.
While reaching to Jesse Powell, sources failed to hear back. Nonetheless, his tweet states that AG’s assert on Kraken, operating within New York is not justifying fact because it states that the exchange doesn’t operate in the state of New York at all.
At press time, Kraken stands at $123,100,016 USD with over 7% of positive growth.
Beside Kraken, Binance CEO Changpeng Zhao refused to comment on the report during the conference in Singapore. Above all, Jesse Powell strongly said market manipulation “doesn’t matter” to crypto traders.
What’s your stake on this? Let us know
Image courtesy of Kraken Exchange Twitter