Twenty One Capital CEO reveals his account was closed by JPMorgan Chase.
TL;DR
Twenty One Capital CEO Jack Mallers had his Chase Bank account closed due to compliance issues and unusual activity, with the bank barring him from future accounts despite his family's long history with JPMorgan Chase.
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According to Odaily Odaily, Jack Mallers, CEO of Bitcoin finance company Twenty One Capital, shared a framed letter from Chase Bank. Dated September 2, 2025, the letter notifies him that his account will be closed due to compliance issues with the Bank Secrecy Act and other regulations, as well as unusual account activity discovered during a bank review. Chase Bank is a subsidiary of JPMorgan Chase, focusing on commercial and retail banking. Mallers stated that despite his father's decades-long business dealings with JPMorgan Chase, the bank has prohibited him from opening any future accounts without providing any specific reason.