The FBI has concluded its investigation into Jesse Powell, co-founder of Kraken, and returned his seized property from a 2023 search of his home. A report from Fortune indicates that the FBI's inquiry, which was not linked to Powell's role in the cryptocurrency exchange, centered on allegations of hacking and cyberstalking related to the Verge Center for the Arts, a nonprofit he co-founded in 2008. Powell has consistently denied these allegations and has initiated a civil lawsuit against members of the Verge board. The investigation reportedly began in 2022, but the reasons for its closure by the FBI and the Department of Justice remain unspecified. Powell has also gained political attention by donating $1 million in Ether to Donald Trump's presidential campaign. In a related note, the SEC had previously filed a complaint against Kraken for operating without proper registration, but this case was dropped in March, reflecting a shift in the agency's regulatory approach towards crypto companies. Read more AI-generated news on: https://app.chaingpt.org/news