multiple insiders at the Federal Deposit Insurance Corporation (FDIC) in the United States have exposed a series of inappropriate behaviors by the organization in Operation Chokepoint 2.0 (a crackdown on the encryption industry). It is reported that the FDIC has taken various measures to evade disclosure requirements under the Freedom of Information Act (FOIA), including marking documents as attorney-client privilege, conducting incomplete searches in regional systems, and hiding files generated on collaboration platforms such as Microsoft Teams. Insiders claim that about 150 key documents have not been submitted.

At the same time, the FDIC has also been accused of conducting social media investigations on several well-known figures in the industry, including Coinbase's Chief Legal Officer Paul Grewal, WSPN CEO Austin Campbell, Custodia Bank founder Caitlin Long, Castle Island Ventures founder Nic Carter, and Unchained podcast regulatory reporter Veronica Irwin. Insiders say they were personally assigned to investigate whether these individuals posed a threat to the FDIC.