FBI searched Kraken co-founder’s home in March: Report
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The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder
Powell reportedly founded the Sacramento-based arts group in 2007. However, his LinkedIn states that he’s worked as the founder and board member since April 2010.
Kraken remains the second largest United States-based cryptocurrency exchange behind Coinbase, according to CoinMarketCap.
Kraken was hit with enforcement action by the U.S. Securities Exchange Commission in February for failing to register the offer and sale of their staking service program.
The firm reached a settlement with the securities regulator, paying a lofty $30 million fine.
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