The relation between Mt.Gox and Kraken
In June 2011, Jesse Powell hops a last-minute flight to Tokyo to help what was then the largest Bitcoin exchange in the world, MtGox, recover from a hacking attack.......After seeing how poorly MtGox is run, and knowing that the exchange is the most critical part of the Bitcoin ecosystem, Jesse decides to build the first truly professional exchange
source :https://blog.kraken.com/post/891/kraken-is-born/
Jesse Powell knew Mt. Gox was not long for this world more than two years before the once-dominant bitcoin exchange went bankrupt in February.
source :
https://www.bloomberg.com/news/articles/2014-08-17/mt-gox-insider-s-kraken-exchange-to-open-in-japan-next-monthIn a 6 Jan 2015 interview, Kraken bitcoin exchange CEO Jesse Powell discussed being appointed by the bankruptcy trustee to assist in processing claims by the 127,000 creditors of Mt. Gox. .....An article in the New York Times pointed out that the process of returning funds could significantly benefit Kraken because creditors will probably have to create a Kraken account to get their money back and some of them might continue using the exchange.
The New York Attorney General's Office began a fact finding investigation in April 2018 on the measures taken by cryptocurrency exchanges to protect their customers and fight market manipulation and money laundering. The New York State attorney general warned that the Kraken cryptocurrency exchange might be breaking the law.
The investigation was not welcomed by Jesse Powell, the CEO of Kraken, who declared that the investigation was hostile and bad for business. Powell refused to comply with the inquiry.
instead of helping Mt.Gox, he set up a devil plan to dominate the market for his own interests. That's why Kraken is like a bank system that not benefit the cryptocurrency. anyway he said it
"investigation was hostile and bad for business"