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The FBI Concludes Investigation of Kraken Founder and Returns All Seized Items

2025-07-22 22:31

BlockBeats News, July 22, according to Fortune magazine, the Federal Bureau of Investigation (FBI) has concluded its investigation of Kraken's founder Jesse Powell and returned all seized items to him.


Two years ago, when federal agents raided Kraken founder Jesse Powell's residence, the U.S. Department of Justice was in the midst of a large-scale legal action against the cryptocurrency industry. However, this raid was unrelated to Powell's operation of the cryptocurrency exchange but stemmed from a management dispute with an art nonprofit organization he founded.

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