This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The U.S. Department of Justice has dropped its investigation into Kraken co-founder Jesse Powell, who was previously accused of hacking and cyber-stalking his nonprofit arts group. Powell confirmed the news on X, expressing relief and criticizing the investigation’s rationale.
- Jesse Powell faced allegations of hacking and cyber-stalking his nonprofit arts group, leading to an FBI raid in 2023.
- Kraken, under Powell's leadership, paid a $30 million SEC fine in 2023 amid Biden-era crypto crackdowns.
- Powell donated $1 million to Trump's campaign, aligning with the industry's shift toward crypto-friendly policies under the new administration.
📎 Related coverage from: decrypt.co