TechFlow news, January 9 — According to Bitcoin.com, multiple internal sources from the U.S. Federal Deposit Insurance Corporation (FDIC) have revealed a series of improper actions by the agency during Operation Chokepoint 2.0, its campaign targeting the crypto industry.
The whistleblowers allege that the FDIC employed various tactics to circumvent disclosure requirements under the Freedom of Information Act (FOIA), including labeling documents as attorney-client privileged, conducting incomplete searches within regional systems, and concealing files generated on collaboration platforms such as Microsoft Teams. Sources estimate approximately 150 critical documents were not submitted.
Additionally, the FDIC is accused of launching social media surveillance operations against several prominent 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 journalist Veronica Irwin. Insiders report they were personally tasked with investigating whether these individuals posed a threat to the FDIC.
