๐Ÿšจ End of FBI Investigation with Kraken Founder: No Criminal Charges and Devices Returned!

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๐Ÿ•ต๏ธโ€โ™‚๏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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๐Ÿ“ฆ 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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๐Ÿ’ก 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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โ“Do you think this conclusion will restore confidence in Kraken's leadership?

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