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Mallers JPMorgan Dispute Grows After Strike CEO Criticism

By

Hanan Zuhry

Hanan Zuhry

Mallers JPMorgan conflict sparks headlines as Strike CEO criticizes the bank over Epstein links and account closure.

Mallers JPMorgan Dispute Grows After Strike CEO Criticism

Quick Take

Summary is AI generated, newsroom reviewed.

  • Mallers criticizes JPMorgan after the bank cuts his accounts.

  • He highlights the bank’s past dealings with Jeffrey Epstein.

  • JPMorgan previously handled over $1 billion in Epstein-related transactions.

  • The incident shows increasing friction between crypto companies and banks.

Jack Mallers, the CEO of Strike, has openly criticized JPMorgan Chase after the bank ended its business relationship with him. He also highlighted the bank’s past links to Jeffrey Epstein, pointing out the controversial history that many critics and observers say raises serious questions about the bank’s ethics and decision-making. This situation has drawn attention across the crypto and finance world.

What Happened

Recently, JPMorgan decided to cut ties with Mallers. The bank cited concerns under U.S. banking rules. As a result, it may also refuse to open new accounts for him. In response, Mallers spoke out strongly. He said, “I don’t care what Epstein’s banker thinks about Bitcoin being used for bad things.” By saying this, he pointed out what he sees as hypocrisy in JPMorgan’s actions.

Why Mallers Is Angry

Mallers’ criticism focuses on the bank’s history with Jeffrey Epstein. Reports show that JPMorgan handled over $1 billion in Epstein-related transactions. Moreover, internal warnings about Epstein’s unusual cash movements were reportedly ignored for years. Even after Epstein’s 2008 conviction for soliciting a minor, the bank did not immediately cut him off. Later, JPMorgan eventually ended the relationship in 2013, but some executives continued to have contact.

Because of this history, Mallers believes it is unfair for the bank to judge him or Bitcoin. He wants people to notice the contrast between how the bank treated him versus Epstein.

Bank Response

JPMorgan has acknowledged its past connection to Epstein and called it a “mistake.” The bank also settled a lawsuit with Epstein’s victims for $290 million. Despite this, critics say the bank ignored repeated warning signs for years. Therefore, Mallers’ public criticism highlights what he sees as inconsistency and double standards in traditional banking.

The Bigger Picture

Mallers also uses this incident to talk about the future of money. He believes that Bitcoin can offer transparency and independence from traditional banks. For him, this is about more than personal conflict. Rather, it is about challenging old systems that have tolerated risky or unethical clients for years.

This episode shows a wider tension between traditional banks and crypto companies. Furthermore, it raises questions about fairness, risk and how banks handle controversial clients.

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