Its CEO says it's because 'San Francisco is not safe.' But there's likely more to the story.
Kraken CEO Jesse Powell, in a statement first shared by Boudin recall organizer and conservative mayoral candidate, appeared to shame Boudin for employees getting harassed and for “crime, mental illness and drug abuse” in the city.
“San Francisco is not safe and will not be safe until we have a DA who puts the rights of law abiding citizens above those of the street criminals he so ingloriously protects,” Powell wrote in the statement. Powell also praised police in his statement, saying they were “known to arrest the same offenders dozens of times” thanks to Boudin.
A Kraken spokesperson confirmed the company’s departure from San Francisco — but notably, did not mention Boudin as the reason for the company’s exit from downtown, only alluding to Powell’s comments by saying that there is a need “to ensure the safety and security of our team members.” “Kraken was one of the first companies in the world to pioneer the remote-first model. We have team members in more than 70 countries around the world, enabling us to offer a range of round-the-clock crypto services in just under 200 jurisdictions around the world,” the spokesperson said in an email to SFGATE Wednesday.As the
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