The U.S. Department of Justice has closed its investigation into Jesse Powell, the founder of cryptocurrency exchange Kraken, and returned dozens of electronic devices seized during a raid two years ago. The case was unrelated to Kraken’s operations and stemmed from a leadership dispute involving an arts non-profit founded by Powell.
According to previously released information, the FBI searched Powell’s home amid allegations of hacking and cyberstalking related to the non-profit. However, the investigation was ultimately dropped, with no formal charges brought against him.
Powell is a well-known figure in the crypto industry, as the co-founder of Kraken, one of the oldest cryptocurrency exchanges, currently preparing for a public listing. He is also recognized for openly expressing his political views on social media platforms.