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CEO of Kraken Announces Inquiry into Bitcoin Market Decline

On February 23, Jesse Powell, the co-founder and chief executive officer of Kraken Exchange, stated that “It’s challenging to predict the factors influencing the market movement,” as the Bitcoin selloff intensified, prompting speculation within the cryptocurrency community about a potential flash-crash on the Kraken exchange. “Our investigation is ongoing,” he mentioned during an appearance on “Bloomberg Surveillance Early Edition.”

Credit: YouTube/Bloomberg Television

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