FBI searched Kraken co-founder’s home

According to a recent report from The New York Times, in March, the Federal Bureau of Investigations (FBI) conducted a search at the residence of Jesse Powell, one of the co-founders of Kraken.

This search was carried out as part of an investigation into allegations that Powell hacked and engaged in cyber-stalking activities against a nonprofit arts group called Verge Center for the Arts, which Powell himself had founded. The report states that Powell allegedly disrupted computer accounts by preventing contributors of the arts organization from accessing their emails and other messages. The information comes from three individuals who are said to have knowledge of the situation, as mentioned in the July 6 article.

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According to information provided by the trio to The New York Times, both the FBI and the U.S. Attorney’s Office for the Northern District of California have been conducting an investigation into Jesse Powell since at least September. As part of their search, electronic devices were seized from Powell’s residence in Brentwood, Los Angeles. However, it is important to note that prosecutors have not officially accused Powell of committing any crimes.

Jesse Powell’s lawyer, Brandon Fox, stated that the investigation primarily focuses on allegations raised by Verge Center for the Arts, the nonprofit organization founded by Powell. It appears that the investigation is unrelated to Powell’s involvement in the cryptocurrency arena, which has been confirmed by a spokesperson from Kraken, the company he co-founded.

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