The New York Times: The FBI raided the home of a Kraken co-founder in March, a Kraken spokesman said the investigation had nothing to do with the exchange

The FBI raided the home of Kraken co-founder Jesse Powell in March as part of a criminal investigation into allegations he hacked into and cyberstalked the nonprofit he founded, The New York Times reported. The investigation is centered on an allegation by the nonprofit that he tampered with its computer accounts, blocking access to email and other information, the people said. Special agents from the FBI and the U.S. Attorney's Office for the Northern District of California have been investigating Powell since at least last fall, according to three people familiar with the matter. Agents searched Jesse Powell's home in the Brentwood neighborhood of Los Angeles and seized electronic devices, according to a person familiar with the search. Prosecutors have not charged Jesse Powell with any crime. Jesse Powell's attorney, Brandon Fox, confirmed he is being investigated by U.S. Attorneys in Northern California. The investigation focuses on allegations by the art group Verge Center for the Arts, not about Jesse Powell's conduct in the cryptocurrency space. A Kraken spokesperson said the Verge investigation had nothing to do with the company.