I can't possibly know why the KrakenAudioLauncher.exe is trying to hook on ALL your running executable, perhaps you have an OPTION in that program that must be turned off, in order to prevent this, so you can still use it.
In fact, the two other known offending products out there, which is the Radeon Pro and the ATI Tray tools, CAN used without any problems, provided you turn off a specific option in them, perhaps that razer utility has a similar option, look for something like API monitoring or handling of hotkeys, etc.
