BlockBeats news, on January 9, reported by Bitcoin.com, several internal sources from the Federal Deposit Insurance Corporation (FDIC) in the United States exposed a series of misconducts by the agency in Operation Chokepoint 2.0 (the crackdown on the crypto industry).
According to reports, the FDIC employed various methods to evade disclosure requirements under the Freedom of Information Act (FOIA), including marking documents as attorney-client privilege, conducting incomplete searches within regional systems, and hiding documents generated on collaboration platforms like Microsoft Teams. Insiders claim that about 150 key documents were not submitted.
At the same time, the FDIC was also 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 were personally assigned to investigate whether these individuals posed a threat to the FDIC.