Strike CEO Jack Mallers has revealed that Chase Bank has closed his accounts after it claimed to have detected “concerning activity” from his account that may violate the Bank Secrecy Act.
The bank apparently sent Mallers a letter — that he’s since framed — explaining that it closed his accounts after detecting “concerning activity” from his account, or an account he is associated with.
Mallers framed the Chase debanking letter.
Mallers’ statement quoted an X post by Senator Rob Wyden, the Oregon Democrat who last week called for an investigation into Chase and whether it intentionally underreported $1 billion worth of suspicious transactions relating to Epstein.
Wyden claimed that JPMorgan Chase execs “were in constant contact with Epstein and were aware of his shady financials.”
“Top staff at JPMorgan Chase, reporting directly to CEO Jamie Dimon, closely supervised Epstein’s accounts. One even coached Epstein on how to sanitize his suspiciously large cash withdrawals,” he posted.
Mallers waited almost two months to reveal the Chase debanking.
Mallers has been vocal about JPMorgan in the past. When the bank’s CEO Jamie Dimon described bitcoin (BTC) as a “pet rock” at last year’s Davos, Mallers told Yahoo Finance that he “doesn’t care” what “Jeffrey Epstein’s Banker” thinks about the negative use cases of the crypto.
He followed up on his Chase Bank reveal with a Bitcoin promotion, saying, “Seek truth. Stand with integrity. Fight for freedom. Protect Bitcoin at all costs.”
In addition to Strike, Mallers is the CEO of Twenty One, a BTC treasury company backed by stablecoin firm Tether and its sister crypto exchange Bitfinex that’s supposed to rival Michael Saylor’s Strategy.
Mallers’ post also provoked more references to Operation Chokepoint 2.0, an alleged plot by the Joe Biden administration to target and restrict the bank accounts of various crypto executives under the guise of tightening regulations.
Indeed, former Donald Trump advisor Bo Hines, who was chosen by Tether to lead a “US-regulated dollar-backed stablecoin” called USAT, remarked that Chase doesn’t know that Operation Choke Point “is over.”
Tether’s CEO Paolo Ardoino also claimed that the account closure is “for the best.”
Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT.
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