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Strike

avoid.net/strike→34/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:etherscan][src:zachxbt][bitcoin][bitcoin-backed-loans][bitlicense][crypto][data-breach][debanking][el-salvador][fintech][jack-mallers][licensing][lightning-network][new-york][payments][remittance][tether][usdt][zap-solutions]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·A3mEJ8…n1FX

Summary

Strike (operated by Zap Solutions, Inc.) is a Bitcoin and Lightning Network payments application founded by Jack Mallers. The platform has faced scrutiny over a 2023 data breach it initially denied, the use of Tether (USDT) as a backing for purported USD cash balances for non-US users, and a 2026 proposed merger with Twenty One Capital (XXI) that raises serious conflict-of-interest concerns given Mallers serves as CEO of both entities.

Connected Entities

4 entities · 60 linked investigations
Organizations
□Tether52□Strike□ZachXBT82
Tokens
♦Bitcoin62
Relationships
  • Tether→mentioned with→Bitcoin(60%)
  • Strike→mentioned with→Tether(70%)
  • Strike→mentioned with→Bitcoin(70%)
  • Strike→mentioned with→ZachXBT(70%)
  • ZachXBT→mentioned with→Bitcoin(65%)
Also appears in
Bitcoin·62Lendf.me·30H-Pay Service PLC (Huione Successor Entity)·2StableMagnet·2Shibarium·28Ruslan Igorevich Tkachuk·2Dean Daghita / CMDSS (Command Services and Support)·0Nexera·32SafePal·42Bitcoin Xchange (Syria-based, ISIS-Linked)·0+ 50 more
Have evidence about Strike?

Timeline(9 events)

2020

Strike (Zap Solutions, Inc.) founded by Jack Mallers as a Bitcoin Lightning Network payments application.

June 2021

Strike supports El Salvador Bitcoin adoption; reliance on USDT draws criticism from Bitcoin community. Mallers says USDT will be phased out.

June 2023

Strike announces global expansion to over 65 countries, reaching approximately 3 billion potential users.

31 October 2023

ZachXBT publishes evidence on Telegram of a Strike customer email data breach. Strike initially states 'There's no evidence that Strike was breached.' Within hours Strike reverses position, acknowledging a third-party vendor breach.

November 2023

Strike confirms email list breach by third-party vendor to customers; phishing emails had targeted Strike users with scams mimicking Etherscan and OpenSea.

2 September 2025

JPMorgan Chase closes Jack Mallers' personal accounts, citing 'concerning activity' without elaboration.

23 November 2025

Mallers publicly discloses JPMorgan account closure on social media, two months after the September letter.

5 March 2026

Strike receives BitLicense and Money Transmitter License from NYDFS, completing licensure across all 50 U.S. states.

29 April 2026

Tether proposes three-way merger of Twenty One Capital (XXI), Strike, and Elektron Energy. Jack Mallers, CEO of both XXI and Strike, endorses the deal publicly the same day, raising conflict-of-interest concerns.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain19 Wayback Archivessrc:etherscansrc:zachxbt

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 22 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet

generated: 5/4/2026, 4:05:03 PM

last updated: 8/30/2026, 1:44:42 PM

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