{
  "p": "ons",
  "op": "post",
  "title": "Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions",
  "url": "https://www.coindesk.com/business/2023/07/13/brian-armstrong-asks-twitter-followers-if-their-bofa-accounts-were-closed-because-of-coinbase-transactions/",
  "author": "Helene Braun (@HeleneBraunn)",
  "body": "Coinbase CEO Brian Armstrong  [asked his 1.2 million followers on Twitter](https://twitter.com/brian_armstrong/status/1679314875619897345)  on Wednesday evening if any Coinbase customers that are Bank of America clients have had their accounts closed because of their transactions with the exchange.\n\nArmstrong had become aware of stories circulating on Twitter about suspicious account closures at the banking giant, which some users believed were tied to their cryptocurrency activity.\n\nWhile 19.3% answered Armstrong’s query “no,” a whopping 9%, which would translate into roughly 1,200 people given there were 13,746 respondents to the question as of press time, said “yes.” The rest didn’t participate in the poll but were solely interested in seeing the results.\n\n**Brian Armstrong \n[@brian_armstrong](https://twitter.com/brian_armstrong)**\n\n> Any other [@BankofAmerica](https://twitter.com/BankofAmerica)\n> customers seeing this? If so, not ok. \n> \n> See poll below\n>   \n[](https://twitter.com/brian_armstrong)\n> \n\n> \n> \n> Has [@BankofAmerica](https://twitter.com/BankofAmerica) closed your\n> account due to transactions with\n> [@coinbase](https://twitter.com/coinbase)? Curious if this is the\n> issue.\n> \n> - Yes: 8.9%\n> - No: 19.2%\n>  - Show results: 71.9%\n> \n> 14,892 votes · 7 hours left\n\nArmstrong’s tweet comes after bitcoin layer-2 platform Stacks co-creator Muneeb Ali [tweeted](https://twitter.com/muneeb/status/1679143982322839556) on Wednesday that his personal Bank of America bank account was closed without any reason given. Ali claims, however, that it was due to the transactions on Coinbase he made through the account to buy and sell bitcoin.\n\n  \n\n**muneeb.btc\n[@muneeb](https://twitter.com/muneeb)**\n\n> So [@BankofAmerica](https://twitter.com/BankofAmerica?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1679143982322839556%7Ctwgr%5E85a0ea3a491f2693d87716f3c8bdb4ad4beba746%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coindesk.com%2Fbusiness%2F2023%2F07%2F13%2Fbrian-armstrong-asks-twitter-followers-if-their-bofa-accounts-were-closed-because-of-coinbase-transactions%2F) just closed my personal bank account that I’ve used for 15 years. No reason given. \n> \n> Real reason? I do Coinbase transactions through this account for Bitcoin. \n> \n> This is a war on Bitcoin & crypto. Please RT to warn others. We won’t stay silent.\n\n“This is war on bitcoin and crypto,” Ali tweeted. “We won’t stay silent.”\n\nSeveral people with similar cases of sudden account closures at Bank of America have used Twitter to share their frustration in recent weeks, though the closures were not necessarily tied to their crypto activity."
}