ChainCatcher news, reported by Bitcoin.com, multiple insiders from the Federal Deposit Insurance Corporation (FDIC) have exposed a series of misconducts by the agency in Operation Chokepoint 2.0 (the crackdown on the crypto industry).
According to the leaks, the FDIC employed various means to evade the disclosure requirements of the Freedom of Information Act (FOIA), including marking documents as attorney-client privilege, conducting incomplete searches in regional systems, and hiding documents generated on collaborative platforms such as Microsoft Teams. Insiders claim that about 150 key documents were not submitted.
At the same time, the FDIC has also been accused of conducting social media investigations on several well-known figures in the industry, including Coinbase Chief Legal Officer Paul Grewal, WSPN CEO Austin Campbell, Custodia Bank founder Caitlin Long, Castle Island Ventures founder Nic Carter, and Unchained podcast regulatory reporter Veronica Irwin. Insiders stated that they had been personally assigned to investigate whether these individuals posed a threat to the FDIC.