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The Federal Bureau of Investigation (FBI) reportedly searched the residence of Jesse Powell, the founder and former CEO of crypto exchange Kraken, earlier this year. The investigation comes months after a non-profit organization accused him of hacking and cyberstalking activities.
The FBI has targeted other crypto-related individuals in recent days, with Ryan Salame (the former CEO of FTX’s Bahamian subsidiary) being one example.
No official charges after investigation
the new York Times informed US law enforcement agents searched Powell’s home in Los Angeles in March this year after the Verge Center for the Arts, an arts center, claimed it cyberstalked the unit and blocked employees from accessing confidential data. Had given.
Anonymous sources revealed that the FBI seized electronic equipment from Kraken’s former boss to further investigate the case.
Notably, prosecutors have not charged Powell with any crime following the raid, while his team has denied any involvement in hacking or cyberstalking activity.
While the founders of Kraken were part of the non-profit organization, they were removed from the board of directors for expressing some controversial views. Powell had previously filed a lawsuit against the arts center, insisting that his dismissal was unfair.
His attorney – Brandon Fox – said that his client’s involvement in the case is “unrelated to his conduct in the cryptocurrency sector”.
“We have reason to believe that The Verge provided a one-sided account that did not give the government a full picture that showed it did nothing wrong,” he added.
FBI’s next raid
As crypto potato informed of In April, the “bureau” searched Ryan Salaam’s home in Potomac, Maryland. The latter is the former CEO of FTX’s Bahamian subsidiary. The sources failed to provide details about the exact reason for the raid. However, some believe that it may be related to the massive crash of the once leading cryptocurrency exchange FTX and the possible involvement of Salame.
The American was a key figure in the investigation against the platform last year, when he told Bahamian regulators that it may have misappropriated billions of dollars in users’ funds and transferred them to Alameda Research.
Salame also donated significantly to politicians, distributing more than $23 million to Republican candidates. For his part, fallen crypto mogul – Sam Bankman-Fried (former CEO of FTX) – given Nearly $40 million in political donations in the 2022 election cycle, primarily to Democrats.
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The Federal Bureau of Investigation (FBI) reportedly searched the residence of Jesse Powell, the founder and former CEO of crypto exchange Kraken, earlier this year. The investigation comes months after a non-profit organization accused him of hacking and cyberstalking activities.
The FBI has targeted other crypto-related individuals in recent days, with Ryan Salame (the former CEO of FTX’s Bahamian subsidiary) being one example.
No official charges after investigation
the new York Times informed US law enforcement agents searched Powell’s home in Los Angeles in March this year after the Verge Center for the Arts, an arts center, claimed it cyberstalked the unit and blocked employees from accessing confidential data. Had given.
Anonymous sources revealed that the FBI seized electronic equipment from Kraken’s former boss to further investigate the case.
Notably, prosecutors have not charged Powell with any crime following the raid, while his team has denied any involvement in hacking or cyberstalking activity.
While the founders of Kraken were part of the non-profit organization, they were removed from the board of directors for expressing some controversial views. Powell had previously filed a lawsuit against the arts center, insisting that his dismissal was unfair.
His attorney – Brandon Fox – said that his client’s involvement in the case is “unrelated to his conduct in the cryptocurrency sector”.
“We have reason to believe that The Verge provided a one-sided account that did not give the government a full picture that showed it did nothing wrong,” he added.
FBI’s next raid
As crypto potato informed of In April, the “bureau” searched Ryan Salaam’s home in Potomac, Maryland. The latter is the former CEO of FTX’s Bahamian subsidiary. The sources failed to provide details about the exact reason for the raid. However, some believe that it may be related to the massive crash of the once leading cryptocurrency exchange FTX and the possible involvement of Salame.
The American was a key figure in the investigation against the platform last year, when he told Bahamian regulators that it may have misappropriated billions of dollars in users’ funds and transferred them to Alameda Research.
Salame also donated significantly to politicians, distributing more than $23 million to Republican candidates. For his part, fallen crypto mogul – Sam Bankman-Fried (former CEO of FTX) – given Nearly $40 million in political donations in the 2022 election cycle, primarily to Democrats.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
