The investigation into Kraken founder Jesse Powell regarding hacking and cyberstalking allegations has officially concluded, with his seized devices returned.
Reasons for Investigation
The inquiry was initiated due to allegations of cyberstalking and hacking related to his non-profit, Verge Center for the Arts. Powell claims he was illegally ousted from the organization after donating $1 million for its operations.
Conclusion of the Investigation
The U.S. Department of Justice has concluded its investigation, and the FBI has returned a dozen devices it seized during a raid at Powell's home in 2023.
Possible Motivations Behind the Investigation
Some observers have raised concerns over the potential political motivations behind the investigation, particularly considering Powell's libertarian views and financial donations to politicians. He was accused of improperly using admin codes to regain control over the organization’s website.
The conclusion of the investigation allows Jesse Powell to continue his work in the crypto industry without legal consequences, although the political aspects of his actions may continue to provoke discussion.
