FBI Concludes Investigation into Kraken Founder, Returns Seized Equipment

The US Justice Department has closed its investigation into Kraken founder Jesse Powell, returning seized devices from an FBI raid related to a governance dispute at the Verge Center for the Arts. Powell, who plans to pursue civil lawsuits against board members, stated the accusations were baseless and the investigation harmed his reputation. The Justice Department's declination letter aims to reassure stakeholders about Kraken's leadership.