Kraken Refuses to Comply with NY Attorney General’s Data Request


Jesse Powell, CEO of San Francisco cryptocurrency exchange platform Kraken, says he will not comply with New York State Attorney General Eric Schneiderman’s recent request for information. Powell cites the move as an invasion of customer privacy and going beyond the appropriate means of gathering data.

“The resource diversion for this production is massive,” Powell declared. “This is going to completely blow up our roadmap. Then, I realized, we made the wise decision to get the hell out of New York three years ago, and that we can dodge this bullet. Ordinarily, we’re happy to help government understand our business. However, this is not the way to go about it.”

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