According to Wu Blockchain, Kontigo CEO Jesus A. Castillo responded to a report by *The Information*, stating that claims about the company’s accounts being closed by JPMorgan for 'compliance reasons' are untrue. He criticized the report as inaccurate and defamatory. Castillo explained that Kontigo is a tech company based on self-custody, permissionless infrastructure, local stablecoins, and zero-knowledge proof, not a licensed financial institution. Its fiat channels rely on licensed partners in various regions. The alleged issue stems from its U.S. virtual account partner, Checkbook, which had previously promised to provide accounts for global users (including Venezuelan immigrants) but later terminated the partnership without prior notice and lacked sufficient support. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54368