F.B.I. SEARCHED THE HOME OF CRYPTO EXCHANGE FOUNDER

Summary from the TLDR Crypto newsletter

Jesse Powell, Kraken's CEO, is under investigation by the FBI over claims that he hacked and cyber-stalked a nonprofit arts organization he founded. The probe revolves around accusations that Powell obstructed computer accounts at the nonprofit and hindered access to emails and other communications. No charges have been pressed against Powell so far. Authorities began scrutinizing him last fall following a search operation at his LA house. Powell's legal counsel confirmed the investigation but maintains his innocence, stating it bears no relevance to his crypto activities.