FBI Targets Kraken Founder Jesse Powell In Startling Hacking Probe
Jesse Powell, the founder and former CEO of crypto exchange Kraken, has recently come under the scrutiny of federal authorities as the FBI conducted a search of his Los Angeles home earlier this year. Agents from the Federal Bureau of Investigation (FBI) and the U.S. attorney’s office for the Northern District of California have been actively investigating Jesse Powell since at least the fall of last year. The Verge Center for the Arts accused Powell of interfering with its computer accounts, including blocking access to emails and other forms of communication.
According to reports from The New York Times, law enforcement agents conducted a search of Powell’s Brentwood residence, seizing electronic devices as part of their investigation. It is important to note that Powell has not been formally charged with any criminal offenses related to the investigation. In response to the allegations, Jesse Powell’s legal counsel, Brandon Fox of Jenner & Block, issued a statement emphasizing that the Verge Center for the Arts had presented a one-sided account and failed to provide the government with the complete picture. Fox stated that Powell “did nothing wrong” and asserted that the matter at hand was unrelated to Powell’s employment or his conduct in the cryptocurrency industry.