Federal Prosecutors Decline to Charge Kraken Founder Jesse Powell
Main Idea
The Department of Justice has closed its two-year investigation into Kraken founder Jesse Powell without filing any charges, though questions remain about the case and media leaks.
Key Points
1. The DOJ ended its investigation into Jesse Powell, founder of cryptocurrency exchange Kraken, without pressing charges after two years.
2. Powell has consistently denied allegations of hacking and cyber-stalking related to a Sacramento-based nonprofit he founded in 2008.
3. The nonprofit, which received over $1 million from Powell, remains active in Sacramento’s arts scene.
4. Questions persist about how details of the FBI’s investigation were leaked to the media, with the DOJ not commenting on the source.
5. The case is still part of an ongoing civil lawsuit filed by Powell in state court.
Description
DOJ quietly ends Jesse Powell probe, no charges after two years of federal scrutiny Powell’s legal clash with Verge centered on disputed access to nonprofit’s digital tools Civil lawsuit continues as Powell seeks accountability over leaked FBI investigation The Department of Justice has quietly closed its two-year investigation into Jesse Powell, the founder of cryptocurrency exchange Kraken. The move comes after federal agents raided his home and seized dozens of electronic devices in a high-pr...
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