Federal agents raided the home of Kraken founder Jesse Powell linked to a non-profit management dispute, not his crypto exchange operations. The Justice Department has dropped its investigation and returned seized devices. Powell is a prominent figure in the cryptocurrency sector and has shared controversial political views. The New York Times reported on the FBI's search of his residence concerning allegations of hacking and cyber-stalking related to a non-profit he founded. Subsequent legal documents indicate the issue centered on access to necessary accounts rather than any malicious activity.
Federal agents raided the home of Kraken founder Jesse Powell two years ago, part of a legal campaign against the cryptocurrency industry, but related to a non-profit management dispute.
The DOJ has dropped their investigation into Powell, returning seized devices, leading to questions about the agency's aggressive pursuit and how news of the raid was leaked.
Powell is a notable figure in crypto, known for his vocal political views. The New York Times highlighted his controversial comments to Kraken staff on progressive orthodoxy.
Documents in Powell's lawsuit against Verge show that the dispute was about access to Slack and Google accounts, not hacking or stalking as alleged.
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