FBI Searches Crypto Exchange Founder's Home in Criminal Investigation

The FBI searched the home of Jesse Powell, founder of the crypto exchange Kraken, in March as part of a criminal investigation.
The investigation is focused on claims that Powell hacked and cyber-stalked a nonprofit arts group that he founded.
Agents seized electronic devices from Powell's home, but he has not been accused of any crimes.
Powell's lawyer confirmed the investigation and stated that it is unrelated to his employment or conduct in the cryptocurrency arena.
Kraken, the crypto exchange, stated that the investigation has nothing to do with the company and they are not aware of any other potential issues being investigated.