FBI Investigates Kraken Co-Founder Jesse Powell for Alleged Hacking and Cyberstalking
Federal law enforcement agents have searched the Los Angeles home of Jesse Powell, co-founder of crypto exchange Kraken, as part of an investigation into allegations that he hacked and cyberstalked a non-profit organization called Verge Center for the Arts. The criminal probe is focused on claims that Powell hindered the organization’s computer accounts, obstructing access to emails and other messages.
Key Points:
- FBI agents searched Powell’s Los Angeles home as part of an investigation into allegations of hacking and cyberstalking.
- The investigation is centered around Verge Center for the Arts’ claims that Powell obstructed access to their computer accounts.
- Powell has not been charged with any crimes at this time.
- A lawyer for Powell has stated that the matter is unrelated to his employment or conduct in the cryptocurrency arena.
- Kraken has confirmed that the exchange is not part of the investigation and that Powell’s affiliation with Kraken is not a concern.
In a statement, Powell’s lawyer claimed that Powell “did nothing wrong” and that Verge’s account of the situation is one-sided. Powell had previously sued Verge, asserting his rightful access to their email accounts and maintaining his position as a board member. Verge, on the other hand, has argued that Powell violated their guiding principles and removed him from the board.
Hot Take: The investigation into Jesse Powell’s alleged hacking and cyberstalking activities raises concerns about the actions of influential figures in the cryptocurrency industry. This incident highlights the importance of ethical conduct and accountability within the sector.
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