A New York Times report cites several examples suggesting that Kraken CEO Jesse Powell is at the center of a “corporate culture war” at the firm over certain political issues.
The work culture at crypto-exchange Kraken has turned toxic and CEO Jesse Powell is at the center of it, a new report from the New York Times claims., Powell has allegedly led discussions on the company’s Slack channels where he objected to employees' use of preferred pronouns, debated who should be able to use certain racial slurs, and called American women “brainwashed.”
Powell, a 41-year-old Bitcoin pioneer who founded Kraken in 2011 with Thanh Luu, is part of a shrinking cohort of crypto entrepreneurs who remain committed to the original vision of Bitcoin, a philosophy that challenges institutional forms of power. As mainstream interest in crypto has grown, these ideals have been challenged in the workplace.
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