{"id":81386,"date":"2023-07-07T10:11:46","date_gmt":"2023-07-07T07:11:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81386"},"modified":"2025-09-11T22:32:17","modified_gmt":"2025-09-11T19:32:17","slug":"fbi-searches-jesse-powells-home","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fbi-searches-jesse-powells-home\/","title":{"rendered":"FBI searches Jesse Powell&#8217;s home"},"content":{"rendered":"<p>In March 2023 the <span data-descr=\"Federal Bureau of Investigation of the United States\" class=\"old_tooltip\">FBI<\/span> conducted a search at the home of Kraken&#8217;s former chief executive Jesse Powell as part of a criminal investigation into allegations of hacking the nonprofit organization he founded. The New York Times reports.<\/p>\n<p>According to sources, federal prosecutors opened the case against the entrepreneur as early as autumn 2022. Verge Center for the Arts representatives said Powell hacked the company&#8217;s computers, hindering access to email and other messages.<\/p>\n<p>During the searches at the home of the former CEO of the trading platform the FBI seized electronic devices. Law enforcement authorities have not yet brought any charges.<\/p>\n<p>Brandon Fox of Jenner &#038; Block confirmed that Powell is under investigation. He said the investigation is &#8216;in no way related to his work in the cryptocurrency industry&#8217;.<\/p>\n<p>He also believes that the exchange&#8217;s co-founder &#8216;did nothing wrong&#8217;, and Verge &#8216;provided a one-sided and incomplete report&#8217;.<\/p>\n<p>In June, Powell filed a lawsuit against the Verge Center for the Arts, asserting the right to full access to the organization&#8217;s records, as he sits on its board of directors.<\/p>\n<p>The entrepreneur became a co-founder of Verge in 2007, but the company removed him from the board in 2022 for violating its &#8216;guiding principles&#8217;.<\/p>\n<p>Last autumn, Jesse Powell <a href=\"https:\/\/u1f987.com\/en\/news\/jesse-powell-to-step-down-as-kraken-chief-executive\">stepped down<\/a> from the post of CEO of the exchange. He explained that his departure was driven by a desire to devote more time to product work and &#8216;protecting the interests of the industry&#8217;.<\/p>\n<p>Earlier, the United States District Court for the Northern District of California <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-court-orders-kraken-to-hand-over-customer-tax-information\">ordered<\/a> Kraken to provide information about its clients to the Internal Revenue Service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March 2023 the FBI conducted a search at the home of Kraken&#8217;s former chief executive Jesse Powell as part of a criminal investigation into allegations of hacking the nonprofit organization he founded.<\/p>\n","protected":false},"author":1,"featured_media":81387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1323,193],"class_list":["post-81386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investigations","tag-kraken"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81386"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81386\/revisions"}],"predecessor-version":[{"id":81388,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81386\/revisions\/81388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81387"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}