JPMorgan отключает счета криптоэкспертов в шокирующем развороте событий Translation: JPMorgan Disconnects Crypto Experts Accounts in Shocking Turn of Events

JPMorgan Chase has terminated the corporate account of ShapeShift’s Chief Marketing Officer, Houston Morgan, and informed him of the cessation of personal banking services, as reported by The Block.

*»On November 21, I received a notification from Chase stating they needed ‘additional information’ and that my accounts might be closed. This came as a surprise. I had not been contacted regarding any issues, missing documents, or irregular activity,»* Morgan stated.

Minutes after the notification, access to the accounts was restricted. The ShapeShift executive promptly reached out to the bank’s support service, only to be transferred through various departments such as general service, business banking, and account verification for half an hour.

*»No one could provide clear explanations. Nobody asked for clarification about the nature of my business or requested any documents. It felt as though I was just being redirected without any attempt to address the issue,»* he emphasized.

Finally, he connected with a representative named Andre, who informed him that a decision had already been made without an option for appeal. According to Morgan, the support staff member stated that Chase was «terminating the relationship» to «protect the bank’s financial system.»

*»He was unable to provide any details, citing internal policy. I was not given a chance to rectify the situation, provide documents, or contest the decision,»* Morgan added.

His business account, linked to ShapeShift’s DAO structure, was almost immediately locked. There were approximately $40,000 in the account, but exact figures could not be determined due to lack of access to statements.

The executive used this account for operations in his direction, averaging 30 to 50 transactions monthly.

*»In reality, it was a quasi-ShapeShift account,»* he clarified.

During the conversation, Andre warned that the personal account of the cryptocurrency platform representative would also be closed and advised withdrawing funds. Morgan followed this recommendation.

On November 23, JPMorgan Chase *closed* the accounts of Strike CEO Jack Mallers without providing specific reasons. Users linked the situation to «Operation Chokepoint 2.0» — an alleged informal pressure from U.S. authorities on banks to deny services to representatives of the cryptocurrency industry.

On November 24, JPMorgan Chase *registered* structural notes with the SEC based on the BlackRock IBIT spot ETF.

This instrument will allow investors to achieve enhanced returns contingent on the movements of Bitcoin until 2028.

The product presents two primary scenarios:

The notes offer downside protection: if IBIT’s value does not drop by more than 30% by 2028, investors will recover their initial investments. In the event of a deeper correction, losses will be proportional to the fund’s losses.

BlackRock manages assets totaling $67 billion through this instrument.

A similar product tied to a Bitcoin ETF is offered by Morgan Stanley, which generated $104 million for the bank in October, according to Bloomberg.

The agency highlighted that demand for such products is rising — signaling «the end of a prolonged stagnation in the American industry that followed the bankruptcy of Lehman Brothers.»

Recall that in November, investors *accused* JPMorgan of an attack on the strategy of Michael Saylor.