ConsenSys was affected twice by "blocking actions" CEO says bank struggled to resist pressure
2025-02-07 10:55:22
On February 7th, according to a report by CoinDesk, Joseph Lubin, CEO of Ethereum software company ConsenSys, said that the company has twice been tried by US authorities to cut off access to the financial system and is a victim of "Operation Chokepoint 2.0" (Operation Chokepoint 2.0). In the latest incident, a large US bank (reportedly Wells Fargo) finally closed its ConsenSys account after being pressured by regulators. Lubin revealed that the bank initially tried to delay the execution and expressed support for ConsenSys, but was ultimately unable to resist the pressure. In addition, Lubin himself was also targeted in this liquidation action.
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