On September 2, 2025, JPMorgan Chase sent a formal letter to Strike CEO @jackmallers, announcing the decision to close all his personal bank accounts due to 'suspicious activity' and warning that they may refuse to open accounts for him in the future. The letter cited regulations like the Bank Secrecy Act but did not disclose any specific details, only stating that the bank conducts regular reviews to ensure the safety of the financial system. @jackmallers repeatedly asked for an explanation, but the bank consistently responded with, 'We can’t tell you.' In October, the account closure officially took effect. @jackmallers’ father, who had been a private client of the bank for over 30 years, described the move as 'ridiculous.' Instead of getting angry, @jackmallers framed the letter and turned it into a 'badge of honor,' stating: Seek the truth, uphold integrity, fight for freedom, and protect Bitcoin at all costs. This move quickly sparked heated discussions in the crypto community. The Bitcoin community began boycotting JPMorgan, and @jackmallers’ calm response further highlighted Bitcoin’s core principles: self-custody, permissionless, and immutability.