FBI Closes Investigation into Kraken Founder Jesse Powell, Returns Seized Devices
The FBI has concluded its investigation into Jesse Powell, founder of cryptocurrency exchange Kraken, without filing charges. Authorities returned dozens of seized electronic devices, including laptops and cellphones, according to a Fortune report.
The probe originated from a management dispute at a non-profit organization Powell established, unrelated to Kraken's operations. Powell expressed relief at the resolution, which removes a potential overhang for one of crypto's most prominent executives.
Market observers note the outcome reinforces the separation between personal legal matters and exchange operations in the digital asset space. The resolution comes as Kraken continues navigating regulatory challenges in the evolving cryptocurrency landscape.
