The FBI searched cryptocurrency magnate Jesse Powell’s home in March following allegations that the Kraken exchange founder hacked and cyber-stalked a nonprofit he had also founded, according to reports from The New York Times. Agents searched Powell’s Los Angeles home and seized his electronics, but Powell has not been accused of any crimes. A spokeswoman for Kraken told The Times that the Verge investigation had nothing to do with the cryptocurrency exchange, and that Kraken had no reason to believe prosecutors were investigating other potential issues. Powell’s lawyer also told The Times that the investigation is not related to Powell’s cryptocurrency activity and denied the allegations of hacking and cyber-stalking. Kraken is the world’s second-largest cryptocurrency exchange after Coinbase.

Source: New York Times July 07, 2023 05:10 UTC