The CEO of leading decentralized exchange Uniswap, Hayden Adams announced that JP Morgan Chase closed his banking accounts without notice or clarification.
Related: Uniswap Hires Former Federal Reserve Executive
In a tweet, Adams said that there are many people and companies that banks target just for the reason that they work in the crypto sphere.
🤡 This week @jpmorgan @Chase closed my bank accounts with no notice or explanation
— hayden.eth 🦄 (@haydenzadams) January 23, 2022
🧑💻 I know many individuals and companies who have been similarly targeted simply for working in the crypto industry
🚀 Thanks for making it a personal
At the end of the announcement, Adams added; "Thanks for making it personal."
The official customer service of JP Morgan, Chase Support, replied to the tweet, saying the institution wants to know why Adams had a bad experience and offered to work together on the concern. Also, JPMorgan asked to share information including name, zip, and other necessary details.
Founded in 2018, UniSwap is one of the largest DEXes. Recently, the team announced hiring former federal reserve economist Gordon Leao to lead research.
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Commenting on the news, users mentioned that the move proves once again that crypto adoption is necessary as no one can just shut accounts just for personal attitude.