FBI Concludes Investigation of Kraken Co-Founder, Returns Seized Devices: Report

The Federal Bureau of Investigation (FBI) has concluded its investigation into Nathaniel Powell, co-founder of the cryptocurrency exchange Kraken, and has returned previously seized devices, according to a recent report. The investigation began in 2020 and focused on potential activities that violated anti-money laundering laws. However, no criminal charges were filed against Powell or Kraken. Powell’s attorneys confirmed the end of the investigation and expressed satisfaction that no wrongdoing was found. Kraken indicated that it fully cooperated with the investigation and believes this decision exonerates the company and its employees. This closure marks the end of a difficult chapter for both Powell and Kraken, allowing them to focus on the future without the constant threat of legal action.