Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
ConsenSys was affected by the "ban action" twice. CEO said that banks had tried to resist the pressure

ConsenSys was affected by the "ban action" twice. CEO said that banks had tried to resist the pressure

CointimeCointime2025/02/07 11:44
By:Cointime

According to a report from CoinDesk on February 7th, Joseph Lubin, the CEO of Ethereum software company ConsenSys, said that the company has been a victim of "Operation Chokepoint 2.0," where the US authorities attempted to cut off access to the financial system twice. In the latest incident, a large US bank (reportedly Wells Fargo) ultimately closed ConsenSys' account after being pressured by regulatory agencies. Lubin revealed that the bank initially tried to delay the execution and expressed support for ConsenSys, but ultimately could not resist the pressure. In addition, Lubin himself was targeted in this liquidation action.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Community Votes on Payment Proposal for Developer Contributions

In Brief The Terra Luna Classic community is voting on a payment proposal for developer Frag. Proposals aim to improve governance through SubDAO and maturity mechanisms. The community remains divided on the implications of developer payments.

Cointurk2025/03/21 16:22
Community Votes on Payment Proposal for Developer Contributions