US Edition
FBI Drops Criminal Probe Into Kraken Founder Jesse Powell
SOUTHWEST LONDON, UNITED KINGDOM, JUL 21 – Two suspects were arrested on suspicion of money laundering after seven unregistered cryptocurrency ATMs were seized in a coordinated FCA and Metropolitan Police enforcement operation.
- On Thursday, seven crypto ATMs were seized in southwest London, and two suspects arrested on suspicion of money laundering and operating an unregistered crypto exchange.
- Since January 2021, all crypto operators must register with the Financial Conduct Authority , and operating a crypto ATM without FCA registration is a criminal offence.
- The Financial Conduct Authority and Metropolitan Police Service conducted searches, seized seven crypto ATMs, and arrested two suspects in southwest London, with suspects interviewed under caution.
- Therese Chambers, Executive Director of Enforcement and Market Oversight at the FCA, said, `If you’re operating a crypto ATM or exchange illegally, then you should expect serious consequences,` while law enforcement continues investigations.
- Wisconsin lawmakers have proposed legislation, after a rise in fraud involving crypto kiosks, to regulate the sector and protect consumers.
39 Articles
39 Articles
FBI Drops Criminal Probe Into Kraken Founder Jesse Powell
Federal authorities have dropped a criminal investigation into Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken.The FBI investigation, which began in 2023, was looking into the non-profit Verge Center for the Arts' allegations that Powell hacked its computer accounts and obstructed access to emails. His home was also searched when the investigation began and computers, laptops and cellphones were seized at the time, the …
FBI drops probe of Kraken founder, returns dozens of seized devices
When federal agents raided the home of Kraken founder Jesse Powell two years ago, the Justice Department was in the midst of a sweeping legal campaign against the cryptocurrency industry. The raid, however, had nothing to do with how Powell operated his crypto exchange but instead stemmed from a management dispute with an arts non-profit he had founded. The Justice Department has now dropped the investigation and returned dozens of laptops and c…
Feds end probe of Kraken’s Powell; JPMorgan fees threaten crypto ops
U.S. authorities have halted their probe into Kraken's Founder Jesse Powell, while the crypto and tradfi sectors are producing a little road rage. The post Feds end probe of Kraken’s Powell; JPMorgan fees threaten crypto ops appeared first on CoinGeek.
DOJ Drops Case Against Kraken Co-Founder Jesse Powell- Crypto Market Plunges
The DOJ’s decision to closing its investigation into Jesse Powell has sparked mixed reactions in the crypto market, but has not been directly linked to Bitcoin’s price movements. Positive developments for the Kraken could also be supporting Bitcoin’s long-term stability, though short-term volatility is expected due to macroeconomic and regulatory factors. The FBI has officially closed its investigation into Jesse Powell, co-founder of Kraken, ov…
DOJ Closes Investigation Into Kraken Co-Founder Jesse Powell
The US Justice Department has dropped its criminal investigation into Kraken co-founder Jesse Powell. The investigation was launched in 2023 and did not focus on Powell’s crypto dealings. Instead, it centered on allegations from the Verge Center for the Arts – a nonprofit he founded – that he had hacked its accounts and blocked email access during a governance dispute. Kraken Founder Cleared After FBI Raid The FBI’s raid on the former chief exec…
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