FBI ends the investigation of Kraken Co-Founder: Report

The US Federal Bureau of Investigation (FBI) reported that his investigation of Kraken co-founder Jesse Powell ended his investigation and returned the property belonging to him who had acquired a 2023 search of his home.

According to a Fortune report of Tuesday, the FBI is come back The devices with Powell and ended his investigation into the allegations he had hacked and cyberstalked with the Verge Center for the Arts, a nonprofit he helped found in 2008.

The investigation, reportedly not connected to Powell’s organization with Kraken, the cryptocurrency exchange he established, or the crypto industry, resulting in the FBI Looking for his home and seizing electronic devices that may contain digital assets.

Reports suggested that Powell has been investigated by US authorities since 2022. Kraken’s repeated co-founder has repeatedly rejected participation in alleged activities and filed a civil suit against members of Verge’s Board of directors.

The report did not mention a reason that the US Department of Justice and the FBI ended their investigation of Powell, who been active in politics In the election of 2024 after contributing $ 1 million to ether (Eth) Donald Trump’s Donald Trump’s campaign.

Trump’s appointments Kash Patel and Dan Bongino are currently leading the FBI as director and deputy of the director, and Pam Bondi, who is also appointed by the President, led the Justice Department as the US attorney general.

Related: Kraken’s Powell’s claim to the laws

Kraken faced a SEC lawsuit

In 2023, the US Securities and Exchange Commission (SEC) filed a complaint against Kraken, allegedly the exchange operating without a proper registration. However, the agency dropped the case in March under the SEC acting chair Mark Uyeda.