Company Directory - Seattle Kraken
Company Details - Seattle Kraken
Seattle Kraken
WebsiteSeattle, United States
Seattle Kraken is a professional ice hockey team based in Seattle, Washington and a member of the National Hockey League (NHL). The franchise represents the region's growing passion for hockey and has quickly established itself as a prominent sports brand in the Pacific Northwest.
CCI Score
CCI Score: Seattle Kraken
-45.97
0.02%
Latest Event
Kraken Donates $1M to Trump's Inaugural Committee
Kraken, a leading cryptocurrency exchange based in San Francisco, donated $1 million to President Trump's inaugural committee, an act viewed as bolstering the financial support for authoritarian political agendas.
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QUISLING
Seattle Kraken is currently rated as a Quisling.
Latest Events
- DEC202024
Kraken, a leading cryptocurrency exchange based in San Francisco, donated $1 million to President Trump's inaugural committee, an act viewed as bolstering the financial support for authoritarian political agendas.
-80
Political Contributions and Lobbying Efforts
March 18
Kraken's donation to Trump's inaugural committee falls under political contributions that support authoritarian practices. By funding events linked to an administration linked to undermining democratic norms, this contribution is seen as helping to legitimize and financially bolster extremist political agendas.
Crypto Companies Kraken, Ripple, Ondo Donate to Trump’s Inauguration
- DEC022024
Kraken’s robust crypto compliance program demonstrates its commitment to upholding legal standards, protecting client privacy, and engaging transparently with regulatory bodies, thus supporting democratic frameworks over authoritarian practices.
+70
Public and Political Behavior
March 18
Kraken testified before Congress and actively lobbies for regulatory frameworks that support the crypto industry. Their efforts to engage with policymakers transparently and support candidates that advance effective crypto regulation demonstrate a commitment to uphold democratic principles and regulatory oversight.
+80
Business Practices and Ethical Responsibility
March 18
Kraken’s strict adherence to compliance protocols and implementation of risk-based controls exemplify strong ethical business practices, protecting customer interests and ensuring operational integrity according to regulatory standards.
+70
Technology and Services Impact
March 18
Kraken utilizes automated regtech solutions and robust risk management systems to safeguard its platform. This adoption of technology underscores their commitment to security and ethical practices, mitigating potential repressive uses of technology.
+80
Economic and Structural Influence
March 18
Kraken’s transparent collaboration with law enforcement and regulatory agencies, along with its efforts to shape balanced crypto legislation, indicate a responsible economic influence and a stance against authoritarian economic practices.
- NOV052024
The Guardian report reveals that sports team owners, including those of NHL franchises like the Seattle Kraken, have donated overwhelming sums to Republican causes. This trend suggests that sports team ownership may be leveraged to support political agendas that align with authoritarian practices.
-75
Political Contributions and Lobbying Efforts
March 20
The Guardian article documents that nearly 95% of political contributions from major sports team owners have gone to Republican causes, a pattern indicative of supporting political agendas that may empower authoritarian tendencies. Although not explicitly naming the Seattle Kraken, as an NHL franchise they are part of a broader ecosystem where such financial support can shape political outcomes unfavorable to democratic principles.
US sports owners make huge political donations. Which party does your team’s give to?
- JUN282024
Kraken co-founder Jesse Powell donated $1 million mostly in ether to Donald Trump, raising concerns over executive political engagement and support for authoritarian political movements.
-80
Public and Political Behavior
March 18
Kraken co-founder Jesse Powell's donation of $1 million in ether to Donald Trump, a candidate viewed by many as promoting authoritarian policies, demonstrates a troubling level of executive political engagement. This act may contribute to the rise of fascism by aligning the company with far‑right political agendas, thereby undermining democratic norms.
Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump
- JUN282024
Jesse Powell, co-founder of Kraken, donated $1 million in crypto (primarily Ethereum) to Donald Trump’s re-election campaign. This donation supports a candidate whose policies are viewed as aligning with authoritarian and fascist practices. The move has raised concerns about the political influence of crypto executives and further underscores the intersection of cryptocurrency money and political campaigning.
-70
Political Contributions and Lobbying Efforts
March 18
The donation by Kraken co-founder Jesse Powell to Trump’s re-election campaign is a clear example of political contribution that supports an authoritarian figure. Such contributions have the potential to influence policy in ways that undermine democratic norms and contribute to the rise of fascism. This negative rating reflects the significant risk posed by the misuse of crypto donations in political campaigns which further fuel extremist agendas.
Kraken Co-Founder Jesse Powell Donates $1 Million In Crypto To Trump’s Re-Election Campaign
-70
Executive Political Engagement
March 18
Beyond the financial contribution, Jesse Powell’s public endorsement of Trump – the only major party candidate with a pro-crypto stance – signals a strong executive political engagement that bolsters authoritarian tendencies. This active political role taken by a leading crypto executive contributes to legitimizing and reinforcing policies that may pave the way for anti-democratic and fascist practices.
Kraken Co-Founder Jesse Powell Donates $1 Million In Crypto To Trump’s Re-Election Campaign
- NOV302023
Kraken, the San Francisco-based cryptocurrency exchange, announced it would cut 1,100 employees—about 30% of its workforce—citing reduced trading volumes amid crypto winter and economic pressures. This decision has raised concerns about the company's commitment to protecting worker rights.
-80
Labor Relations and Human Rights Practices
April 7
The large-scale layoffs at Kraken demonstrate a concerning disregard for labor rights and worker security. Cutting 30% of the workforce, which represents 1,100 employees, under economic stress, signals a business practice that undermines employment stability, negatively affecting marginalized workers and contributing to broader societal instability in the crypto industry.
- NOV202023
The SEC charged Kraken with operating as an unregistered securities exchange, broker, dealer, and clearing agency since 2018, alleging unethical business practices including commingling customer funds and prioritizing profit over investor protection. Such practices undermine transparency and accountability, posing risks to market integrity and investor trust.
-60
Business Practices and Ethical Responsibility
March 18
Kraken's decision to operate as an unregistered securities exchange demonstrates a flagrant disregard for regulatory compliance and ethical business conduct. By commingling customer funds and prioritizing illegal profit-making over investor protection, Kraken undermines the standards that safeguard public welfare and market integrity. This behavior is indicative of a broader pattern of unethical practices that can contribute to an erosion of trust in essential financial systems.
- NOV202023
On November 20, 2023, the SEC charged Kraken with operating an unregistered securities exchange, broker, dealer, and clearing agency. The complaint alleges that Kraken knowingly commingled customer crypto assets with its own funds to maximize profits while sidestepping regulatory requirements, thereby compromising investor protections.
-80
Business Practices and Ethical Responsibility
April 7
Kraken is accused by the SEC of deliberately prioritizing hundreds of millions in unlawful profits over compliance with securities laws. Its business practices, including the commingling of customer funds and crypto assets with company funds, undermine investor protections and regulatory oversight. This reflects deeply irresponsible ethical practices that risk financial harm and public trust.
- NOV202023
The SEC filed a lawsuit against Kraken (Payward Inc. and Payward Ventures Inc.) alleging that since 2018, the company generated hundreds of millions of dollars by operating as an unregistered securities exchange, with claims of deficient internal controls, commingling of customer funds, and poor recordkeeping.
-60
Business Practices and Ethical Responsibility
April 7
Kraken is accused of unethical business practices by operating without the necessary regulatory registration and exhibiting poor internal controls, including allegedly mixing customer funds with its own and inadequate recordkeeping. Such violations undermine investor protections and reflect a disregard for ethical business practices.
SEC Sues Kraken In Latest Crackdown Against Crypto Exchanges
- NOV302022
Kraken announced the layoff of approximately 1,100 employees, representing 30% of its workforce, as a cost-cutting measure during the crypto winter, despite offering severance and extended benefits.
-50
Labor Relations and Human Rights Practices
April 7
The decision to cut 30% of Kraken's workforce represents a significant negative impact on labor relations and workers' rights. While the company has offered 16 weeks of separation pay and extended healthcare benefits, the massive layoffs in a context of market instability undermine fair labor practices and contribute to worker precarity, which is concerning from a human rights perspective.
- NOV282022
On November 28, 2022, Kraken settled with OFAC over 826 sanctions violations stemming from failure to apply continuous geolocation controls, which allowed transactions from sanctioned regions. In response, Kraken implemented remedial measures including IP blocking on transactional activity, enhanced blockchain analytics for sanctions monitoring, additional compliance training, and the hiring of specialized staff.
-30
Business Practices and Ethical Responsibility
April 7
Kraken’s failure to extend geolocation controls beyond the onboarding process resulted in sanctioned users accessing their platform, constituting a serious lapse in business practices and ethical responsibility. Although the subsequent remedial measures mitigate some risk, the initial shortcomings in compliance represent a negative impact on corporate responsibility.
OFAC Settles with Kraken for Violations of Sanctions Regulations
- JUN152022
Kraken, one of the world’s largest cryptocurrency exchanges, has launched a controversial program offering four months’ pay to employees willing to leave if they dissent from its libertarian ethos. Critics argue that this move undermines fair labor practices and creates a politically charged, exclusionary internal culture.
- OCT282020
An ESPN investigation revealed that Seattle Kraken owner David Bonderman, among other sports team owners, made significant political donations largely favoring Republican causes. This funding pattern is viewed as bolstering authoritarian policies and poses questions about the team's complicity in supporting systems that undermine democratic values.
-40
Political Contributions and Lobbying Efforts
March 20
The ESPN report highlights that Seattle Kraken owner David Bonderman contributed significantly to Republican causes, which, in the context of current political dynamics, supports policies associated with authoritarian leadership. This pattern of political donation among sports team owners is seen as contributing to the rise of authoritarian practices and is deeply concerning from a public and political behavior perspective.
Inside the political donation history of wealthy sports owners
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