The original thread exposing this suspicious payment was posted on Nov 21 (21 days ago), Crane himself posted a reply on the same day on Nov 21 (21 days ago). The fund, however, sits in Crane’s personal Kraken account for the next 15 days. Nothing was done, until the community discussion intensifies, and it was only returned 3 days ago. And you would like to convince us that this is an honest mistake but not a deliberate act.
Honestly, if this was indeed Crane’s personal Kraken account, then it would not only be us who will have a problem with this. In the next few years, you’ll also have to convince the following entities:
- Using a personal Kraken account for business purpose is against its ToS. This is true for Kraken, and true for any exchanges and banks, due to anti-money laundering requirements. You’ll need to convince Kraken that having the fund sitting there for 15 days while you are apparently aware is an honest mistake, and not a deliberate act. Otherwise, Kraken will likely terminate your account.
- The local tax office of Crane as well as Novasama Technologies may have a problem with this. Of course, if you can convince them that this is an honest mistake, then everything will be fine. But if they determine that this is a deliberate act, then taxes will likely be due on this fund.
I would say the community has done a really great job exposing the potential misuses on this matter, which finally leads to some detailed information as we have now. And I just want to use this opportunity to congrats them on the great work!
(I personally only became aware of the issue after moderators’ censorship last week – classic Streisand Effect, isn’t it?)