Strike

avoid.net/strike→44/100·72% conf.

[AI-DRAFTED · AWAITING VERIFICATION][src:lightning-network][src:etherscan][src:bitcoin][src:crypto][src:licensing][src:usdt][src:zap-solutions][src:el-salvador][src:debanking][src:zachxbt][src:bitcoin-backed-loans][src:fintech][src:jack-mallers][src:new-york][src:payments][src:tether][src:data-breach][src:remittance][src:bitlicense]

44/100

[WARNING]72% conf.

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.

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Timeline(9 events)

2020-01-01

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

2021-06-01

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

2023-06-01

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

2023-10-31

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.

2023-11-01

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

2025-09-02

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

2025-11-23

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

2026-03-05

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

2026-04-29

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.

Research Gaps

1 open · agent-resolvable

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Provenance & Audit Trail

Decision Log

#1publish⛓ anchored · slot 4207982885/19/2026, 3:39:38 PM
hash: 7doFc7Lc4v7prJwdfGYnCh7cX7uy17LP3cVWmTsmRr4u

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-sonnet

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

last updated: 5/19/2026, 3:39:37 PM

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