{"id":14285,"date":"2025-07-22T19:30:46","date_gmt":"2025-07-22T17:30:46","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14285"},"modified":"2025-07-22T19:30:46","modified_gmt":"2025-07-22T17:30:46","slug":"fbi-concludes-investigation-into-kraken-co-founder-latest-update","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/22\/fbi-concludes-investigation-into-kraken-co-founder-latest-update\/","title":{"rendered":"FBI Concludes Investigation into Kraken Co-Founder: Latest Update"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div data-v-43e640e6=\"\">\n<p>The US Federal Bureau of Investigation (FBI) has allegedly concluded its inquiry into Kraken co-founder Jesse Powell and returned property that was confiscated during a 2023 search of his residence.<\/p>\n<p>As per a Tuesday Fortune article, the FBI had <a data-ct-non-breakable=\"null\" href=\"https:\/\/fortune.com\/crypto\/2025\/07\/22\/kraken-jesse-powell-fbi\/\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">returned<\/a> devices to Powell, ending its investigation regarding accusations that he had hacked and cyberstalked the Verge Center for the Arts, a nonprofit he was instrumental in founding in 2008.<\/p>\n<p>This inquiry, reportedly not linked to Powell\u2019s affiliation with Kraken, the cryptocurrency exchange he co-established, or the crypto sector as a whole, led to the FBI <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/fbi-search-kraken-founder-jesse-powell-home\" title=\"null\">searching his residence<\/a> and seizing electronic devices that may have contained digital assets.\u00a0<\/p>\n<p>Reports indicated that Powell had been under scrutiny by US authorities since 2022. The Kraken co-founder consistently refuted involvement in the alleged actions and initiated a civil lawsuit against members of Verge\u2019s board of directors.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Kraken co-founder Jesse Powell. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.linkedin.com\/in\/jessepowell\/\" rel=\"https:\/\/www.linkedin.com\/in\/jessepowell\/\" target=\"https:\/\/www.linkedin.com\/in\/jessepowell\/\" title=\"https:\/\/www.linkedin.com\/in\/jessepowell\/\"><em>LinkedIn<\/em><\/a><\/figcaption><\/figure>\n<p>The report did not provide any explanation for why the US Department of Justice and the FBI concluded their investigation into Powell, who <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/jesse-powell-donates-1m-crypto-trump-2024\" title=\"null\">became politically engaged<\/a> during the 2024 election after donating $1 million in Ether (<a href=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) to then-presidential candidate Donald Trump\u2019s campaign. <\/p>\n<p data-ct-non-breakable=\"undefined\">Trump appointees Kash Patel and Dan Bongino currently lead the FBI as director and deputy director, respectively, while Pam Bondi, also appointed by the president, heads the Justice Department as US Attorney General.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/kraken-jesse-powell-denied-house-crypto-ties-discrimination-lawsuit\" title=\"null\"><em><strong>Kraken\u2019s Powell asserts in lawsuit he was denied housing due to crypto connections<\/strong><\/em><\/a><\/p>\n<h2>Kraken had been facing SEC litigation<\/h2>\n<p>In 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Kraken, claiming the exchange had operated without appropriate registration. However, the agency withdrew the case in March under SEC Acting Chair Mark Uyeda.\u00a0<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17370097\"\/><\/p>\n<p>The enforcement action against Kraken was among several that the SEC dismissed amid a noticeable shift in the agency\u2019s approach to regulatory enforcement. Extended probes and cases against crypto firms, including Ripple Labs, Coinbase, and Gemini, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-agrees-to-drop-lawsuit-against-coinbase\" title=\"null\">were dropped in a matter<\/a> of weeks.\u00a0<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/inside-30000-phone-crypto-airdrop-bot-farm\/\" title=\"null\"><em><strong>Inside a 30,000 phone bot farm stealing crypto airdrops from real users<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/fbi-investigation-closed-kraken-jesse-powell?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html The US Federal Bureau of Investigation (FBI) has allegedly concluded its inquiry into Kraken co-founder Jesse Powell and returned property that was confiscated during a 2023 search of his residence. As per a Tuesday Fortune article, the FBI had returned devices to Powell, ending its investigation regarding accusations that he had hacked and cyberstalked<\/p>\n","protected":false},"author":3,"featured_media":14286,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3080],"class_list":["post-14285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-fbi-ends-probe-into-kraken-co-founder-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FBI Concludes Investigation into Kraken Co-Founder: Latest Update - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/22\/fbi-concludes-investigation-into-kraken-co-founder-latest-update\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBI Concludes Investigation into Kraken Co-Founder: Latest Update - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html The US Federal Bureau of Investigation (FBI) has allegedly concluded its inquiry into Kraken co-founder Jesse Powell and returned property that was confiscated during a 2023 search of his residence. 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