The co-founder of popular crypto exchange Kraken, Jesse Powell, has found himself facing some legal troubles as the United States Federal Bureau of Investigations (FBI) recently conducted a search at his residence. The raid, which reportedly took place in March, is part of a wide-ranging investigation into allegations of hacking and cyber-stalking directed at a non-profit arts group.
According to three informed sources who spoke to The New York Times, Powell is accused of cunningly manipulating computer accounts and obstructing access to crucial emails and communication channels used by contributors of the non-profit organization.
The FBI’s search led to the seizure of various electronic devices from Powell’s home in Brentwood, Los Angeles. However, despite the seriousness of the inquiry, Powell has not been officially charged with any criminal offenses, leaving the allegations in a state of uncertainty.
Powell has been involved with the arts group since its inception in 2007, as recorded by the organization. His LinkedIn profile clarifies that he has held the position of founder and board member since April 2010. Insiders familiar with the matter claim that the investigation primarily revolves around allegations made by the Verge Center for the Arts, with a focus on Powell’s alleged actions within the organization.
In response to the situation, Powell’s lawyer, Brandon Fox, emphasized that the scrutiny does not extend to Powell’s involvement in the cryptocurrency industry. This statement was reportedly corroborated by a spokesperson from Kraken, highlighting that the investigation is limited to Powell’s alleged actions within the arts group.