Kraken allegedly firing employees in hundreds, Halifax and Dartmouth become the target locations

On 5th September, a well-known cryptocurrency exchange Kraken in Halifax, Canada attracted the controversy regarding the firm firing its employees in a large number at once. Unit 102 at 60 Highfield park drive relieved its employees in hundreds, a Redditor alleged. The user also wrote on the social media platform that Kraken did this in response to a security breach.

The Reddit discussion post also read:

“[…] a giant commotion happening up there and private security all over the place escorting people off the premises after making them sign voluntary quit forms was anyone here one of those people?”

This ignited an argument in the forum wherein multiple users shared their opinions. One of the users named Spaceforcemuffins stated that the alleged activity of Kraken firing its employees is not illegal. Despite this, the user also wrote that the Kraken office in Highfield is a new location for the company.

Furthermore, Kraken had reportedly installed security programs on its employees’ cell phones to keep them under surveillance in case of any institution of anti-company activities, stated Spacforcemuffin. Here, the Redditor also added:

“Furthermore, I was told they generate in the millions of dollars daily, how can they go under? Diversify your bonds people.”

The discussion moved ahead when ItsSignalNotSpyware, a Reddit handle got involved and implied that the security tool installed by Kraken on the cell phones is Signal. The handle also explained that the application encrypts the calls and texts that go through the app. Another joiner to the forum further confirmed the encryption feature of the app, claiming to have used it for several years.

On Twitter, a user named Sean Hartt took to the platform to confirm the rumored shutdown of Kraken in Halifax. He asked about the updates on the closure of the exchange and security forcing the staff out. Here, the Twitter handle of Kraken Support replied:

“Hey Sean! // We can confirm that we are not shutting down any operations in any specific place, and there has been no security breach. Everything is fine & secure.”

In addition with the rumors carrying events at the Highfield location, a Twitter user by the name I AM THE KRAKEN also alleged that several employees were escorted into cabs by the Kraken security at the Dartmouth location as well.

Recently, another Bitcoin ETF was rejected by the US Securities and Exchanges Commission [SEC] wherein it gave multiple reasons for the decision. Here, Kraken was one of the mentioned causes for the SEC’s disapproval.