The sudden shutdown of Jack Mallers’ accounts has reignited the debate around debanking in the Bitcoin and digital-asset industry.Strike CEO Jack Mallers revealed on X that JPMorgan Chase closed his bank accounts last month without providing any adequate explanation. The incident has raised concerns within the community about the growing phenomenon of debanking – the practice of traditional banks denying financial services to individuals connected to Bitcoin and digital assets.“Last month, J.P. Morgan Chase threw me out of the bank,” Mallers wrote on X on Sunday. “It was bizarre. My dad has been a private client there for 30+ years.”When Mallers tried to understand the reason behind the shutdown, the bank’s response was: “We aren’t allowed to tell you.” The CEO also shared an image of JPMorgan Chase’s official letter, commenting ironically: “So proud I got it framed.”
pull down to refresh
related posts
0 sats \ 4 replies \ @DarthCoin 9h
I call this here first: this is a manipulation scam !
Jack Mallers is in bed with all these banksters and is doing this fakery, just to fool more people to close their accounts with JP Morgan and buy Strategy stonks and use his Strike and fiat lending platform...
reply
28 sats \ 1 reply \ @Scoresby 7h
It certainly doesn't make much sense as a policy for the bank: closing accounts abruptly surely us a bad look for them. If they do it enough, it will start to seep into the general population's mind as a possibility. Which I don't imagine helps the banks.
I also don't understand what a bank gains from this. If they were ending a relationship between Strike the company and them, I could see it. But just closing Strike's CEO's bank accounts? Odd.
Also I see the Tether guys supporting Mallets.
reply
202 sats \ 0 replies \ @mo 7h
What make you think they care about reputation? Mallers is just another prostitute to the system, serving the masters of power and tyranny.
This image from the nostr note shared above explain it all.
Pot calling the kettle black. Its all the same, they make you believe they are screwing each other with sand (they like it that way), meanwhile being all, consciously or not, players in the same game.
reply
0 sats \ 1 reply \ @0xbitcoiner OP 9h
Hmm! You think people are really that dumb? I don’t really see the point of that marketing strategy, but hey, I wouldn’t trust it.
reply
21 sats \ 0 replies \ @DarthCoin 9h
oh yeah? Check this out...
nevent1qvzqqqqqqypzqntcggz30qhq60ltqdx32zku9d46unhrkjtcv7fml7jx3dh4h94nqqst4hmsal5qksxn3kenpy2ghlqw5ug05v56ne6nens0c30y0gn5f8stax7rq
people are not dumb... are super dumb.
reply