The FBI has dropped its two‑year hacking investigation, returning dozens of devices seized from Powell’s home. While he walks free, the episode re‑ignites questions about the hard‑charging libertarian who once dared employees to “hit the Jet Ski” if they found Kraken’s culture offensive
Federal authorities have officially closed their investigation into Jesse Powell, co-founder and former CEO of crypto exchange Kraken, following a two-year legal process stemming from allegations made by an arts nonprofit. The closure comes amid significant developments for Kraken, including regulatory scrutiny and a recently announced strategic investment in Maltese stablecoin issuer StablR.