Kraken CEO, Jesse Powell retweeted that Kraken will close its global headquarters on 548 Market Street, in the center of San Francisco. In the retweet shared by a San Francisco-based political commentator, Richie Greenberg, the decision cites that:

Cointelegraph reached out to the Kraken team for comment and will update if and when they reply.

A poor advertisement for living in California’s financial center, the tweet also states that “San Francisco is not safe,” and crime is “dramatically underreported.”

BREAKING: KRAKEN CEO Jesse Powell @jespow today issued a statement regarding rampant crime in San Francisco and the failures of DA @chesaboudin . pic.twitter.com/7gx7PldQM0

U.S.-based cryptocurrency exchange Coinbase will also close its San Francisco headquarters in 2022, however, no mention of crime or homelessness was made. Instead, Coinbase followed the lead of its competitor Binance in becoming a fully remote, global company.

The Twitter community was quick to respond to the Kraken news, sharing dark anecdotes of working in San Francisco.

I worked at Market St for few months, it is crazy, it turns into skid row after 6pm. I'm from Europe and never seen anything like it. Still have flashbacks of the things I witnessed. Just tried to look away and not get stabbed. Remember walking in the smell of skunk and pee.

The living situation is so dire that rhere are applications that track human waste around San Francisco, Snap Crap is among the most popular. The applications help San Franciscans navigate the city without puting their foot in it.

The Twitter and Reddit community