Consensys, the Ethereum software developer, has revealed that it was targeted twice by U.S. authorities' efforts to exclude it from the financial system. The company was able to survive Operation Chokepoint 2.0, which aimed to remove banking services for crypto businesses, by holding redundant backup accounts. The company's bank resisted pressure to close its account but eventually had to cave due to the ongoing pressure. The bank in question was rumored to be Wells Fargo, although the bank declined to comment. Consensys also experienced a previous incident where a different banking partner closed its accounts. The news comes as crypto debanking faces scrutiny in congressional hearings and highlights the resistance some banks have shown toward regulatory pressure.



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