I'm not surprised. I have colleagues who worked there and they have a very toxic work culture.
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…
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 security, and…
Every other exchange that played by the rules and missed out on becoming the #1 exchange. It is easy to win when you cheat.
Employees got 14 weeks severance. They didn't have to do that.
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.
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…
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.
I'm not surprised. I have colleagues who worked there and they have a very toxic work culture.
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…
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 security, and…
Every other exchange that played by the rules and missed out on becoming the #1 exchange. It is easy to win when you cheat.
Employees got 14 weeks severance. They didn't have to do that.
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.
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…
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.