Jack Mallers, the CEO of Bitcoin financing company Twenty One Capital, received a framed message from Chase Bank on platform X. On September 24, 2025, the message notified him that his account would be closed due to compliance issues with the Bank Secrecy Act and other regulations identified by the bank's review, as well as unusual activity in the account. Chase Bank is a subsidiary of JP Morgan, focusing on commercial banking and retail services. Jack Mallers stated that although his father has had business relationships with JP Morgan for decades, the bank still prevents him from opening an account in the future without providing any specific reasons.
