US EditionFBI Drops Criminal Probe Into Kraken Founder Jesse Powell
SOUTHWEST LONDON, UNITED KINGDOM, JUL 21 – The Financial Conduct Authority and Metropolitan Police seized seven unregistered crypto ATMs and arrested two suspects amid efforts to prevent money laundering and illegal crypto exchanges.
- The Justice Department dropped its criminal investigation into Kraken founder Jesse Powell and returned his seized devices this week.
- The investigation began after allegations in early 2022 accused Powell of hacking and cyber-stalking Verge, a nonprofit he founded, which he denies.
- Meanwhile, UK authorities seized seven unregistered crypto ATMs, arrested two suspects on money laundering and illegal exchange charges, and searched four London premises in a joint FCA and police operation.
- Powell asserted his innocence, stating that evidence uncovered during his defamation lawsuit against Verge clearly supports his claim, while the FCA cautioned that those operating crypto ATMs illegally face significant repercussions.
- These actions reflect growing regulatory scrutiny worldwide, with experts suggesting that stronger rules may lead to greater market stability and consumer protection over time.
36 Articles
36 Articles
FBI Drops Criminal Probe Into Kraken Founder Jesse Powell
Federal authorities have dropped a criminal investigation into Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken.The FBI investigation, which began in 2023, was looking into the non-profit Verge Center for the Arts' allegations that Powell hacked its computer accounts and obstructed access to emails. His home was also searched when the investigation began and computers, laptops and cellphones were seized at the time, the …
FBI drops probe of Kraken founder, returns dozens of seized devices
When federal agents raided the home of Kraken founder Jesse Powell two years ago, the Justice Department was in the midst of a sweeping legal campaign against the cryptocurrency industry. The raid, however, had nothing to do with how Powell operated his crypto exchange but instead stemmed from a management dispute with an arts non-profit he had founded. The Justice Department has now dropped the investigation and returned dozens of laptops and c…
Kraken Founder Cleared After 2-Year FBI Investigation » News.ng
After two years, the FBI has officially closed its investigation into Jesse Powell, the co-founder of crypto exchange Kraken. The case had nothing to do with Powell’s role in the crypto world or his company. Instead, it stemmed from a separate dispute with a nonprofit art group he co-founded in 2008, Verge Centre for the Arts. The investigation began in 2023 following accusations that Powell had accessed Verge’s digital platforms without permiss…
US DoJ Drops Investigation Into Kraken Founder Jesse Powell
The U.S. Department of Justice (DoJ) has officially dropped its investigation into Jesse Powell, co-founder of Kraken, following allegations of hacking a nonprofit organization. The case, unrelated to Kraken’s operations, concluded without charges, with Powell’s seized devices returned earlier this year. The probe, which began in 2023, centered on claims Powell hacked Verge Center for the Arts, a Sacramento nonprofit he co-founded. The DoJ’s dec…
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