Kraken co-founder Jesse Powell is being investigated by Federal law enforcement on claims he hacked and cyberstalked a non-profit. The FBI searched his LA home, seizing electronic devices. Through a lawyer, Powell denied any wrong-doing. By JPRubin23
The criminal probe is looking into Verge Center for the Arts' allegations that Powell hindered its computer accounts, obstructing access to emails and other messages, The Times reported, citing three unnamed sources.
Powell has not been charged with any crimes. Brandon Fox, a lawyer with Jenner & Block, said in a statement shared with CoinDesk that Verge"provided a one-sided account that did not provide the government with the full picture, showing that Powell"did nothing wrong." Fox added that the matter is unrelated to"Mr. Powell’s employment or his conduct in the cryptocurrency arena.
Powell co-founded the Sacramento-based Verge in 2007, but the organization removed him from its board in 2022, saying that he had violated Verge's"guiding principles," The Times reported.
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