Strike
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
1 entitiesTimeline(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.
Decision Log
- hash: 7doFc7Lc4v7prJwdfGYnCh7cX7uy17LP3cVWmTsmRr4u
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet
generated: 5/4/2026, 4:05:03 PM
last updated: 5/26/2026, 4:11:16 AM
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