Big news for Ethereum! Consensys, a company that makes the popular MetaMask wallet for Ethereum, almost lost its bank account twice!
- The government tried to stop Consensys from using banks. This is called "debanking."
- Consensys had backup plans and a bank that fought back, but eventually the bank had to close the account.
- This shows how hard it can be for cryptocurrency companies to use regular banks.
| Fact | Detail |
|---|---|
| Consensys Size | $7 billion company |
| Problem | Debanking by US authorities |
| Outcome | Consensys survived, but had to switch banks |
