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The American currency exchange Kraken denied rumors that it is massively dismissing employees and closing one of its service centers.

Rumors began to spread from Reddit portal. On Thursday a user under named throwaway34034324 wrote that the stock exchange was about to close its office in Canadian Halifax and had just fired hundreds of people because of a security breach. Another user under a nickname MysteriousPlankton supported this news. He claimed that the company asked employees to resign at their own will with a compensation package equal to eight weeks' salary.

An anonymous user also added that employees who were responsible for procedures related to customer identification and countering money laundering, security, and investigations, as well as processing of input and withdrawal of funds, were involved in the dismissal.

Kraken Exchange Review: All You Need to Know about

It is worth noting that nobody knows who is hiding behind the users' nicknames, and whether they really have anything to do with the crypto exchange. To date, Kraken has not issued an official statement. However, on Twitter its employees replied that this information is not true.

WHY IS IT IMPORTANT?

  • Earlier this year, Kraken, on the contrary, intended to increase its staff by 800 people.
  • Nevertheless, in April the exchange decided to stop servicing the Japanese market because of the costs and resources that are necessary to maintain the service in this country.
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