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I had a spreadsheet of banks that denied me after I founded TradeHill and I'm still banned at HSBC, BofA, Chase, Citi, Wells and others. I'd try to talk to 5-10 a day at points. @jespow
Somehow made it through this and I've got a ton of respect for what he also endured.
Wells closed an account and everyone that was a signer on that account had every other account they were a signer on closed. This led to personal accounts and in the case of a guy that advised a few startups something like 12 accounts closed of companies he worked with.
Citi took almost a month to get my funds back to me and it came in the form of a check I found outside my door on the SF sidewalk. $320k or something like that on the ground next to a guy passed out in his own piss. Foreshadowing where SF was headed.
We had no issues with holding Bitcoin and only closed because we literally couldn't bank USD.
I even snuck in to the DFI and confronted a guy about regulatory clarity when they had failed to respond to emails and wouldn't take a meeting.
I got thrown out of the building without an answer. That was 2011 or 2012 the early Bitcoin days were wild.
It lingers, I tried to open a personal HSBC account 10 years later and got denied, chase won't give me a prepaid card.
Joey Krug@joeykrug
Retweet or quote tweet this if you’ve ever been de-banked because you own crypto or are in crypto! I have, multiple times, whether it’s banks refusing to open you an account because of crypto, closing your account because of crypto, etc
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