The co-founder and chief executive of major cryptocurrency platform Kraken Exchange, has defended his controversial leadership, despite claims of instigating a company-wide “culture war”.
Jesse Powell, 41, has been lashed for his controversial views on gender identity and gender equity and boasted of running a “dictatorship”, with some employees accusing him of promoting “hurtful” beliefs, as reported by the New York Times.
Since co-founding the cryptocurrency exchange in 2011, Kraken Exchange has become one of the most widely used digital asset exchanges globally. Its success has elevated Mr Powell’s personal net worth to US$500 million ($A731 million).
While Kraken has not filed an initial public offering (IPO), which would give a more accurate indication of its valuation, reports via Currency.com from March 2022 place the company’s potential valuation between $A14.6 billion and $A29.2 billion.
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