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BTCC / BTCC Square / Global Cryptocurrency /
FBI Drops Criminal Probe Into Kraken Founder Jesse Powell

FBI Drops Criminal Probe Into Kraken Founder Jesse Powell

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-07-22 20:06:02
0
BTCCSquare news:

Federal authorities have concluded their investigation into Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken, without filing criminal charges. The probe, initiated in 2023, centered on allegations by the Verge Center for the Arts that Powell hacked its computer accounts and obstructed email access.

Prosecutors notified Powell's attorney in April that the case was closed and seized devices WOULD be returned. A June 9 letter from the U.S. Attorney’s Office confirmed the investigation's termination. "The FBI's raid was devastating," Powell stated, maintaining the accusations were baseless.

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