Authorities from the FBI have recently visited the home of Jesse Powell in Los Angeles amidst a hacking inquiry.

Jesse Powell As the founder and former CEO of the crypto exchange, Powell's actions have now attracted the attention of federal investigators. Kraken The investigation originates from claims that Powell was involved in hacking and cyber harassment directed at the Verge Center for the Arts, a nonprofit group.

Jesse Powell has been under investigation by the FBI, along with the U.S. attorney’s office for Northern California, since last fall. The Verge Center for the Arts has accused Powell of interfering with their digital communications, including email accounts.

Reports indicate that FBI agents executed a search at Powell’s Brentwood residence, confiscating electronic devices as part of their inquiry. It is crucial to emphasize that Powell currently has no official charges against him in relation to this matter.

The New York Times In light of the allegations, Jesse Powell’s attorney, Brandon Fox, issued a statement that criticized the Verge Center for the Arts for presenting a biased perspective while not offering the authorities a full account. Fox maintained that Powell has 'done nothing wrong' and that the allegations are not tied to his activities in the crypto realm.

Kraken Founder Jesse Powell

Although Jesse Powell stepped down as CEO of Kraken last year, he still holds the position of board chairman. His affiliation with the Verge Center for the Arts dates back to its founding in 2007, although his LinkedIn profile indicates his active participation as a founding board member since April 2010. Jenner & Block Kraken has recently commented on the ongoing investigation, asserting that it is entirely distinct from its business operations and suggested that prosecutors have not identified any related issues involving the company.

The legal situation continues to evolve, drawing significant attention as everyone is keeping a close eye on how the investigation progresses. Stakeholders and law enforcement officials alike are expected to release updates soon. This case has garnered notable interest in the cryptocurrency community, spotlighting the growing scrutiny surrounding key figures and organizations within this swiftly changing industry.

Kraken is set to launch an NFT marketplace aimed at facilitating the buying, selling, and collection of digital assets.

After stepping down on September 21 as Kraken’s CEO, Jesse Powell has sparked numerous questions about the future leadership of the company.

• An engaging interview took place with Johnna Powell from Consensys at NFTLA, discussing noteworthy topics. assets.

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