๐จ End of FBI Investigation with Kraken Founder: No Criminal Charges and Devices Returned!
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๐ต๏ธโโ๏ธ Case Details:
โ The Federal Bureau of Investigation has concluded a two-year investigation with Jesse Powell, founder of Kraken
โ The investigation was not related to crypto, but rather an administrative dispute with a non-profit organization called Verge Center for the Arts
โ All devices seized from Powell's home have been returned, including phones and laptops
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๐ฆ Background of the Dispute:
โ The allegations included "hacking and cyberstalking" but turned out to be a dispute over Slack and Google Workspace accounts
โ Powell filed a defamation lawsuit against members of the Verge board, asserting that he committed no wrongdoing
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๐ก Why Does It Matter?
โ Enhances Kraken's regulatory image as it prepares for an initial public offering
โ Shows how personal issues can impact the reputation of crypto companies
โ Highlights the importance of separating personal disputes from business activities in the financial sector
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โDo you think this conclusion will restore confidence in Kraken's leadership?
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