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Home»Analysis»FBI ends research into Kraken -founder Jesse Powell, retires dozens of seized computers and devices: report
Kraken has no plans to delist Tether's USDT from European crypto exchanges, Executive said
Analysis

FBI ends research into Kraken -founder Jesse Powell, retires dozens of seized computers and devices: report

2025-07-25No Comments2 Mins Read
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The US Federal Bureau of Investigation (FBI) drops its research into the well -known founder of Crypto Exchange Kraken, Jesse Powell.

According to Fortune, new court documents are submitted This week Powell indicates that the Ministry of Justice has completely stopped investigating the founder of Kraken.

When the Powell’s house was attacked by the authorities two years ago, the Ministry of Justice seized dozens of mobile phones and laptops – some of which may save crypto assets. The recent archiving of Powell shows that the items have been returned.

The legal conflict was primarily aimed at Powell’s involvement in a non-profit named Verge, which he founded in Sacramento in 2007. The New York Times reported that Powell reportedly “hacked and cyber stalked”, although the founder of Kraken denied the reports.

The recent court application from Powell claims that the returned devices contain information that proves that his report of events is true.

Said Powell,

“The FBI raid into my house was both personally and professionally destroyed. It is still shocking that the raid was based on the Stand Center for the unfounded accusations of the art.

Jesse Powell’s lawyer, Brandon Fox, says he received a statement from the Ministry of Justice in which he informed him that the investigation was closed.

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