US officials

πŸ’ΈπŸ  F.B.I. Jolly Enter Jesse Powell House, Di Man Wey Found Kraken Crypto Exchange πŸ”πŸ‘¨β€πŸ’»

⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English

F.B.I. people dem πŸ•΅οΈβ€β™‚οΈ, for March, waka enter Jesse Powell house wey be founder for dis ogbonge crypto exchange wey dem call Kraken πŸ‘Ύ. Dem enter na to follow yarn on top matter say e hack πŸ’» and dey follow follow one ogbonge nonprofit arts group 🎭 wey e sef help form, na so three people wey sabi di matter well well talk.

Na so di talk talk people talk say dem F.B.I. people, plus including people for di U.S. attorney office for Northern District of California πŸ›, don start to dey put eye πŸ‘€ for di matter from dat time wey sun dey shine for last fall πŸ‚. Na dem dey find out if na true say Jesse Powell, wey also form di Kraken crypto exchange, enta dia computer matter, kon block dem make dem no see dia emails πŸ“§ and oda messages.

For inside Jesse Powell house for Brentwood side for Los Angeles 🏠, na so dem F.B.I people carry im electronic tings πŸ“±πŸ’» comot, according to person wey sabi di search matter and paper πŸ“„ wey New York Times people look. As e be so, dem prosecutor people never talk say Jesse Powell don do any bad thing πŸ˜‡.

One lawyer wey him name na Brandon Fox 🦊, wey dey follow handle Jesse Powell matter, come talk say e true say dem federal prosecutor people for Northern California dey follow check di matter well well. E kon yan say dis check check πŸ”Ž na for wetin di arts group, wey dem call Verge Center for the Arts πŸ–Ό, talk and say e no join for wetin Jesse Powell dey do for crypto work πŸ’Ή. E kon talk say Jesse Powell no do any bad thing.

Kraken people sef yan say dis matter wey dem dey follow Verge yan no follow for dia company matter 🏒, and dem no get any reason to believe say dem prosecutor people dey find oda tings wey bad 😈.

F.B.I people no gree talk anything for di matter and di person wey dey follow talk talk for U.S. attorney office for Northern District of California no gree talk whether dem dey find anything for di matter πŸ€·β€β™‚οΈ.

For dis few months wey don pass, dem federal people don begin dey follow Kraken competition people yan rough πŸ’₯. One of dem, Sam Bankman-Fried, wey form FTX crypto exchange, dem charge am for fraud matter last year, while Coinbase and Binance, wey be two of di biggest exchanges, government don follow dem go court βš–οΈ.

For crypto world, Jesse Powell na ogbonge person. Him na 42 years πŸŽ‚, and e don help Kraken become di second biggest U.S. crypto exchange, just Coinbase na im dey front.

Dem don dey follow Kraken do yeye yeye for law matter for plenty years ⏳. Recent times now, dem prosecutor people dey look allegation against Kraken and Jesse Powell from one case wey person wey Kraken sack put for court for 2019. For di case, di person talk say Kraken dey get money from account for country wey U.S. sanction, and talk say Kraken bank account no dey see millions of dollars from customer money πŸ’°.

Dem settle di case for 2021, after judge talk say dem no sack di person because of sanction matter.

Last year, Kraken come pay $360,000 to settle Treasury Department people wey talk say e no respect sanction because e allow people for Iran to trade digital money πŸ’΅πŸ’°. For February, Kraken come pay $30 million fine to Securities and Exchange Commission for offering product wey dem talk say e no follow law.

Na Jesse Powell form Verge, di Sacramento arts group 🎭, for 2007. Last year, dem comot am from board of directors, because e no dey come meeting 🚫πŸ‘₯ and e no follow di organization “guiding principles,” na so court record talk am.

After dem comot Jesse Powell, e block Verge from using dem website, emails and internal messaging system, kon dey enter place wey confidential information dey πŸ”, na so letter wey Verge lawyer, Phillip Cunningham, send to Kraken for November take talk. Na New York Times people look di letter πŸ“.

Last month, Jesse Powell follow Verge drag for state court in Sacramento, e talk say na bad way dem comot am and say na im get Verge digital accounts πŸ’Ό. Mr. Cunningham, wey be Verge lawyer, come talk say di things wey Jesse Powell dey claim no get sense πŸ™„.

For September, Jesse Powell talk say e go comot as Kraken Oga but e go still dey as chairman πŸ‘‘. Dem replace am with Dave Ripley, wey be Kraken operation officer, na im come take over di work for March πŸ”„.


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πŸ’ΈπŸ  F.B.I. Conducts a Search at Jesse Powell’s House, The Founder of Kraken Crypto Exchange πŸ”πŸ‘¨β€πŸ’»

In March, the F.B.I. agents πŸ•΅οΈβ€β™‚οΈ searched the house of Jesse Powell, the founder of the renowned crypto exchange known as Kraken πŸ‘Ύ. The search was conducted regarding allegations that he hacked πŸ’» and cyberstalked a nonprofit arts group 🎭, that he also helped establish. This was shared by three individuals who were informed about the matter.

It was also reported that officials from the F.B.I., along with the U.S. attorney’s office in the Northern District of California πŸ›, had started probing the matter since last fall πŸ‚. The investigation centered around the accusation that Jesse Powell, who is also the founder of Kraken, meddled with their computer systems and blocked access to their emails πŸ“§ and other messages.

In the Brentwood neighborhood of Los Angeles 🏠, the F.B.I agents confiscated some electronic devices πŸ“±πŸ’» from Powell’s house, according to a source who was familiar with the search and documents πŸ“„ reviewed by The New York Times. As of now, the prosecutors have not charged Jesse Powell with any crimes πŸ˜‡.

Brandon Fox 🦊, Powell’s lawyer, confirmed that his client is under investigation by federal prosecutors in Northern California. He stated that the investigation revolves around the allegations made by the arts group, named Verge Center for the Arts πŸ–Ό, and has nothing to do with Powell’s professional engagements in the crypto industry πŸ’Ή. He also stated that Powell did not commit any wrongdoing.

Kraken’s spokesperson asserted that the investigation involving Verge does not pertain to the company’s operations 🏒, and they have no reason to suspect that the prosecutors are investigating other potential issues 😈.

The F.B.I chose to remain silent on the matter, and the spokesperson for the U.S. attorney’s office for the Northern District of California did not confirm whether an investigation was underway πŸ€·β€β™‚οΈ.

In recent months, federal authorities have initiated action against several competitors of Kraken πŸ’₯. One of them, Sam Bankman-Fried, the founder of the FTX crypto exchange, was charged with fraud last year, while Coinbase and Binance, two of the largest exchanges, are facing legal proceedings.

Jesse Powell, 42 years old πŸŽ‚, is a significant figure in the crypto world. He has transformed Kraken into the second-largest U.S. crypto exchange, with only Coinbase leading the pack.

Kraken has been subjected to legal scrutiny over the years ⏳. Recently, the prosecutors have been investigating allegations against Kraken and Jesse Powell, originating from a wrongful termination lawsuit filed against the company in 2019. The lawsuit alleged that Kraken was profiting from accounts in countries under U.S. sanctions and claimed that millions of dollars of customer deposits were missing from Kraken’s bank accounts πŸ’°.

The lawsuit was settled in 2021, after the judge ruled out the claim that the employee was fired due to the sanctions issue.

Last year, Kraken agreed to pay a $360,000 fine to settle charges by the Treasury Department that it violated sanctions by allowing users in Iran to trade digital currencies πŸ’΅πŸ’°. In February, Kraken paid a $30 million fine to the Securities and Exchange Commission for offering an investment product that violated securities laws.

Powell established Verge, the Sacramento arts group 🎭, in 2007. Last year, he was ousted from its board of directors, citing his absence at board meetings and violations of the organization’s β€œguiding principles,” according to court records.

After Powell’s removal, he allegedly blocked Verge from accessing its website, emails, and internal messaging system, and improperly accessed confidential information stored in those accounts πŸ”, as mentioned in a letter sent to Kraken by Verge’s lawyer, Phillip Cunningham, in November. The letter was reviewed by The Times πŸ“.

Last month, Powell sued Verge in a state court in Sacramento, asserting that his removal was unjust and that he owned Verge’s digital accounts πŸ’Ό. Cunningham, Verge’s lawyer, retorted that Powell’s claims were baseless πŸ™„.

In September, Powell announced his decision to step down as Kraken’s CEO, while he would continue to serve as its chairman πŸ‘‘. He was succeeded by Dave Ripley, Kraken’s chief operating officer, who took charge of the company in March πŸ”„.


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πŸ’ΈπŸ  F.B.I. Rollin’ Up on Jesse Powell’s Crib, Dude Who Started Kraken Crypto Exchange πŸ”πŸ‘¨β€πŸ’»

So here it is, back in March, the F.B.I. crew πŸ•΅οΈβ€β™‚οΈ did their thing, swooping in on the crib of Jesse Powell. If you ain’t heard of him, he’s the cat who started up that Kraken crypto exchange πŸ‘Ύ. This ain’t just for nothing though. Word is, dude might’ve been hackin’ πŸ’» and messin’ with some nonprofit arts group 🎭, that he himself put on the map. Three heads in the know spilled the beans.

Ain’t just hearsay neither, the F.B.I., along with those high-and-mighty types at the U.S. attorney’s office in the Northern District of California πŸ›, been sniffin’ around since last fall πŸ‚. Allegedly, this Powell cat, same one who started Kraken, was messin’ with their computer systems, blocking their emails πŸ“§ and stuff.

F.B.I rolls up in Brentwood, Los Angeles 🏠, snatchin’ up electronic devices πŸ“±πŸ’» from Powell’s place. That’s what some insider and some papers πŸ“„ from The New York Times are saying. Still, ain’t no charges been dropped on Powell just yet πŸ˜‡.

Brandon Fox 🦊, Powell’s legal eagle, let it slip that his client is under the microscope by federal prosecutors in Northern California. He’s sayin’ it’s all about these allegations from this arts group, Verge Center for the Arts πŸ–Ό. Ain’t got nothin’ to do with Powell’s hustle in the crypto game πŸ’Ή. Even went so far as to say Powell didn’t step outta line.

Kraken’s mouthpiece sayin’ the Verge situation ain’t their problem 🏒, and they ain’t sweatin’ about prosecutors diggin’ into other stuff 😈.

The F.B.I ain’t sayin’ jack, and the spokesman for the U.S. attorney’s office for the Northern District of California ain’t confirm whether they’re really lookin’ into it πŸ€·β€β™‚οΈ.

In the recent months, the feds have been puttin’ the squeeze on some of Kraken’s competitors πŸ’₯. Sam Bankman-Fried, the head honcho of the FTX crypto exchange, got tagged with fraud last year. Coinbase and Binance, two of the big dogs, are caught up in some legal mess too.

Jesse Powell, 42 πŸŽ‚, is a big deal in the crypto space. Dude took Kraken and made it the second-largest U.S. crypto exchange, only laggin’ behind Coinbase.

Kraken been under the spotlight for a while now ⏳. Recently, the law been checkin’ out some allegations against Kraken and Powell, comin’ from a wrongful termination lawsuit dropped on the company in 2019. The suit claimed Kraken was gettin’ cash from accounts in countries under U.S. sanctions and a bunch of customer deposits was missing from Kraken’s bank accounts πŸ’°.

The whole thing was settled in 2021, after the judge kicked out the claim that the dude was canned ’cause of the sanctions issue.

Last year, Kraken coughed up a $360,000 fine to square things with the Treasury Department, who said it broke sanctions by letting users in Iran trade digital currencies πŸ’΅πŸ’°. In February, Kraken forked over a $30 million fine to the Securities and Exchange Commission for offering an investment product that broke securities laws.

Powell kicked off Verge, the Sacramento arts group 🎭, in 2007. Last year, he got the boot from its board of directors, ’cause he was MIA at board meetings and breaking the organization’s β€œguiding principles,” according to court records.

After Powell got kicked out, he blocked Verge from using their website, emails, and internal messaging system, and went snooping around confidential information in those accounts πŸ”. That’s what Verge’s lawyer, Phillip Cunningham, said in a letter to Kraken in November. The Times got a peek at that letter πŸ“.

Last month, Powell took Verge to court in Sacramento, saying his ouster was foul and that he owned Verge’s digital accounts πŸ’Ό. Cunningham, Verge’s lawyer, said Powell’s claims were all talk, no substance πŸ™„.

In September, Powell announced he was stepping down as Kraken’s head honcho, but he’d keep his chairman spot πŸ‘‘. His shoes got filled by Dave Ripley, Kraken’s chief operating officer, who took over in March πŸ”„.

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