According to Hayden Adams, the bank also did not give the reasons for its decision

​JPMorgan closed personal accounts of Uniswap founder without notice

24.01.2022 - 10:50


2 min


What’s new? JPMorgan, an investment bank, has closed the accounts of Hayden Adams, founder of the decentralized exchange Uniswap. In this, the financial institution did not give any reasons for its decision, nor did it notify Adams about it. This is stated in his post on Twitter.

How did Adams comment on the situation? According to him, he knows “many individuals and companies who have been similarly targeted simply for working in the crypto industry.”

The former Commissioner of the US Commodity Futures Trading Commission, Brian Quintenz, said on Twitter that the banking institutions, according to internal documentation, have the right not to disclose the reasons for their decisions.

Quintenz suggested that JPMorgan’s actions are related to the authorities’ yet to be announced regulations on the crypto industry.


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