FBI Drops Investigation into Kraken Founder Jesse Powell

FBI Drops Investigation into Kraken Founder Jesse Powell
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The FBI has ended its investigation into Jesse Powell, founder of crypto exchange Kraken. Court documents reveal the Justice Department has dropped all charges, returning seized devices.

  • FBI investigation into Kraken founder Jesse Powell officially closed, per court filings.
  • Devices seized in the 2022 raid were returned, with Powell claiming they prove his innocence.
  • Allegations stemmed from Powell’s involvement with Verge Center for the Arts, which he denies.
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