Jesse Powell, the co-founder of cryptocurrency exchange Kraken who stepped down as CEO last year, recently faced an investigation by the Federal Bureau of Investigation (FBI). According to The New York Times, the investigation was based on allegations that he hacked into a non-profit arts center he established in 2007 and stalked him online.
The Times, citing unnamed sources, reported yesterday (Thursday) that the Verge Center for the Arts, a California-based nonprofit, has accused Powell of disabling computer accounts and preventing access to emails and other messages. Powell’s attorney confirmed the investigation to CoinDesk today (Friday).
Moreover, the Times reported in its report that the FBI and the US Attorney’s Office for the Northern District of California have been conducting investigations of Powell since at least last fall. As part of the investigation, FBI agents reportedly searched the crypto entrepreneur’s Los Angeles home earlier in March and seized electronic devices. However, the co-founder of Kraken has not been charged with any crimes.
In 2022, the Verge removed Powell from its board, saying the former Kraken CEO had breached its “guidelines,” The Times reported, citing a court document. To counter the move, Powell sued the Verge last month, claiming he still sits on the nonprofit’s board, said Brandon Fox, Powell’s attorney. CoinDesk in the current situation.
The crypto entrepreneur also claimed to have and have ‘legitimate access’ to Verge email accounts. However, Fox noted that the case is not related to the entrepreneur’s activities “in the field of cryptocurrency.” He added that Powell “did nothing wrong”.
Kraken in the United States
While the case against Powell is not related to Kraken, the news comes at a difficult time for the cryptocurrency exchange, which is the second largest trading platform for digital assets in the United States. In February, Kraken was forced to end its program
mask
staking
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of the blockchain network. In particular, staking is an attempt to secure a volume of cryptocurrency to receive rewards. However, in most cases, this process relies on users participating in blockchain-related activities via a personal crypto wallet, and the concept of staking is closely related to Proof-of-Stake (PoS). PoS is a kind of consensus algorithm that the blockchain network aims to achieve
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of the blockchain network. In particular, staking is an attempt to secure a volume of cryptocurrency to receive rewards. However, in most cases, this process relies on users participating in blockchain-related activities via a personal crypto wallet, and the concept of staking is closely related to Proof-of-Stake (PoS). PoS is a kind of consensus algorithm that the blockchain network aims to achieve
Read this term– As a service to US clients after agreeing to pay US$30 million
The Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is one of the most widely recognized independent bodies in the United States. The Securities and Exchange Commission has a wide range of responsibilities, to help police markets and reduce abuses. This includes enforcing federal securities laws, proposing securities rules, and regulating stock and options exchanges in the United States. As one of the top regulators in the United States, the Securities and Exchange Commission (SEC) is responsible for overseeing public companies in the aforementioned sectors.
The Securities and Exchange Commission (SEC) is one of the most widely recognized independent bodies in the United States. The Securities and Exchange Commission has a wide range of responsibilities, to help police markets and reduce abuses. This includes enforcing federal securities laws, proposing securities rules, and regulating stock and options exchanges in the United States. As one of the top regulators in the United States, the Securities and Exchange Commission (SEC) is responsible for overseeing public companies in the aforementioned sectors.
Read this term) to settle allegations that the service was administered without permission. Reportedly, the regulator is investigating the exchange for allegedly offering unregistered securities on its platform.
Last month, rival cryptocurrency exchanges Binance and Coinbase also came under SEC regulation. Both exchanges are currently defending against the accusations brought by the SEC.
Jesse Powell, the co-founder of cryptocurrency exchange Kraken who stepped down as CEO last year, recently faced an investigation by the Federal Bureau of Investigation (FBI). According to The New York Times, the investigation was based on allegations that he hacked into a non-profit arts center he established in 2007 and stalked him online.
The Times, citing unnamed sources, reported yesterday (Thursday) that the Verge Center for the Arts, a California-based nonprofit, has accused Powell of disabling computer accounts and preventing access to emails and other messages. Powell’s attorney confirmed the investigation to CoinDesk today (Friday).
Moreover, the Times reported in its report that the FBI and the US Attorney’s Office for the Northern District of California have been conducting investigations of Powell since at least last fall. As part of the investigation, FBI agents reportedly searched the crypto entrepreneur’s Los Angeles home earlier in March and seized electronic devices. However, the co-founder of Kraken has not been charged with any crimes.
In 2022, the Verge removed Powell from its board, saying the former Kraken CEO had breached its “guidelines,” The Times reported, citing a court document. To counter the move, Powell sued the Verge last month, claiming he still sits on the nonprofit’s board, said Brandon Fox, Powell’s attorney. CoinDesk in the current situation.
The crypto entrepreneur also claimed to have and have ‘legitimate access’ to Verge email accounts. However, Fox noted that the case is not related to the entrepreneur’s activities “in the field of cryptocurrency.” He added that Powell “did nothing wrong”.
Kraken in the United States
While the case against Powell is not related to Kraken, the news comes at a difficult time for the cryptocurrency exchange, which is the second largest trading platform for digital assets in the United States. In February, Kraken was forced to end its program
mask
staking
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of the blockchain network. In particular, staking is an attempt to secure a volume of cryptocurrency to receive rewards. However, in most cases, this process relies on users participating in blockchain-related activities via a personal crypto wallet, and the concept of staking is closely related to Proof-of-Stake (PoS). PoS is a kind of consensus algorithm that the blockchain network aims to achieve
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of the blockchain network. In particular, staking is an attempt to secure a volume of cryptocurrency to receive rewards. However, in most cases, this process relies on users participating in blockchain-related activities via a personal crypto wallet, and the concept of staking is closely related to Proof-of-Stake (PoS). PoS is a kind of consensus algorithm that the blockchain network aims to achieve
Read this term– As a service to US clients after agreeing to pay US$30 million
The Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is one of the most widely recognized independent bodies in the United States. The Securities and Exchange Commission has a wide range of responsibilities, to help police markets and reduce abuses. This includes enforcing federal securities laws, proposing securities rules, and regulating stock and options exchanges in the United States. As one of the top regulators in the United States, the Securities and Exchange Commission (SEC) is responsible for overseeing public companies in the aforementioned sectors.
The Securities and Exchange Commission (SEC) is one of the most widely recognized independent bodies in the United States. The Securities and Exchange Commission has a wide range of responsibilities, to help police markets and reduce abuses. This includes enforcing federal securities laws, proposing securities rules, and regulating stock and options exchanges in the United States. As one of the top regulators in the United States, the Securities and Exchange Commission (SEC) is responsible for overseeing public companies in the aforementioned sectors.
Read this term) to settle allegations that the service was administered without permission. Reportedly, the regulator is investigating the exchange for allegedly offering unregistered securities on its platform.
Last month, rival cryptocurrency exchanges Binance and Coinbase also came under SEC regulation. Both exchanges are currently defending against the accusations brought by the SEC.
