KrakenEng

3 ms·

1.
by KrakenEng 1y ago
I'm not surprised. I have colleagues who worked there and they have a very toxic work culture.
2.
by KrakenEng 3y ago
Kraken's response was > The SEC alleges that Kraken “commingled” its own funds with its clients’. This is a similar allegation already made of other crypto trading platforms. The SEC cannot and does not allege that any customer fund
3.
by KrakenEng 3y ago
Kraken's response: https://blog.kraken.com/news/kraken-continues-to-fight-for-i... > The complaint against Kraken alleges no fraud, no market manipulation, no customer losses due to hacking or compromised secur
4.
by KrakenEng 4y ago
Every other exchange that played by the rules and missed out on becoming the #1 exchange. It is easy to win when you cheat.
5.
by KrakenEng 4y ago
Employees got 14 weeks severance. They didn't have to do that.
6.
by KrakenEng 4y ago
> 1) The anonymous/pseudo anonymous nature of the space is bizarre. I would have multiple voice-only meetings with people using aliases and avatars for all communications. To this day I only know some people as "Mango Man"
7.
by KrakenEng 4y ago
Binance can create its own volume out of thin air. This would be harder for Coinbase, due to their nature as a public company. The truth is, it's hard to know what is happening inside Binance.
8.
by KrakenEng 4y ago
Exchanges aren't banks and shouldn't act like banks. Banks are allowed to take deposits and lend then out, ie they don't need 100% reserves. Exchanges should be required to hold at least 100% reserves. FTX collapsed, in part,
9.
by KrakenEng 4y ago
> their unrestricted ability to mint stable coins and use them to manipulate the market as they see fit What stable coins do Coinbase or Kraken mint?
10.
by KrakenEng 4y ago
This wasn't just a cut to sales or support staff. 30% of engineering was layed off. I would say QA/QE was decimated, but I'm not sure if anyone was left.
11.
by KrakenEng 4y ago
30% of Eng was cut. Multiple engineers on my team were cut. The QA team was basically wiped out. As far as I can tell, all the lawyers are still here.
12.
by KrakenEng 4y ago
A large chunk of the 3400 employees are not eng or the like. Most of these people are customer support or customer support adjacent (eg compliance). In this way, Kraken is a little bit different from most other tech companies.
13.
by KrakenEng 4y ago
This is exactly how I feel. I was heads down getting my work done, when suddenly the CEO plunges the entire company headlong into the culture war. It is counterproductive and bad leadership.