According to Mars Finance, on November 24, Jack Mallers, CEO of Bitcoin financial company Twenty One Capital, shared a framed letter from JPMorgan Chase on the X platform. Dated September 2, 2025, the letter notified him that his account would be closed due to compliance issues with the Bank Secrecy Act and other regulations, as well as unusual activity detected in the account. JPMorgan Chase is a subsidiary of JPMorgan, focusing on commercial and retail banking. Jack Mallers stated that despite his father's decades of business dealings with JPMorgan Chase, the bank still prohibits him from opening an account in the future and has not provided any specific reasons.
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Twenty One Capital CEO disclosed that his account had been closed by JPMorgan Chase.
According to Mars Finance, on November 24, Jack Mallers, CEO of Bitcoin financial company Twenty One Capital, shared a framed letter from JPMorgan Chase on the X platform. Dated September 2, 2025, the letter notified him that his account would be closed due to compliance issues with the Bank Secrecy Act and other regulations, as well as unusual activity detected in the account. JPMorgan Chase is a subsidiary of JPMorgan, focusing on commercial and retail banking. Jack Mallers stated that despite his father's decades of business dealings with JPMorgan Chase, the bank still prohibits him from opening an account in the future and has not provided any specific reasons.