US DOJ Ends Investigation into Kraken Co-Founder Jesse Powell

The U.S. Department of Justice has closed its investigation into Kraken co-founder Jesse Powell, returning seized devices linked to allegations of cyberstalking and hacking. The inquiry was related to a governance dispute at the Verge Center for the Arts and did not involve Powell's conduct at Kraken. Powell is also pursuing a defamation lawsuit against former colleagues, and the DOJ's decision alleviates concerns regarding federal oversight of Kraken's leadership.