Crypto exchange Kraken is facing criticism for allowing Dave Portnoy, the controversial founder of Barstool Sports, to launch memecoins that resulted in significant losses for investors. Portnoy promoted several tokens that experienced rapid price movements, including JAILSTOOL, which he claims to have accidentally sold while using the toilet. He also launched tokens called GREED and GREED 2, of which he held a significant portion and sold in one transaction, causing them to crash by 99%. Users and crypto sleuths are questioning Kraken's decision to sponsor Portnoy, as his behavior is considered detrimental to the exchange's reputation. Portnoy defended his actions, stating that while some people made money, others lost, and only the losers are complaining. Kraken has yet to comment on the matter.



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