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Murtuza J Merchant

Justice Department Drops Case Against Kraken Founder Jesse Powell

Jesse Powell Kraken Verge FBI Brandon Fox Phil Cunningham Bitcoin Crypto Fortune the Justice Department

Dhaka,,Bangladesh,13,Dec,2024:kraken,Is,Cryptocurrency,Exchange.,A,Smartphone

Federal prosecutors have officially ended their investigation into Kraken founder Jesse Powell, nearly two years after FBI agents raided his home in a high-profile case unrelated to his crypto business.

The Justice Department returned dozens of devices, including laptops and mobile phones, confirming it had dropped the case, one that centered not on Kraken, but on a management fallout involving an arts nonprofit Powell had co-founded, Fortune reported on Tuesday.

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