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Topic: FTX froze user account for sending coins to privacy roll up - page 2. (Read 283 times)

hero member
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https://www.betcoin.ag
FTX replied to the tweet.

Quote
We are aware of reports that FTX is warning users not to interact with Aztec.

As a result, we want to underscore our current and ongoing risk-reduction framework:

1) Implement practical deterrents
2) Measure their effectiveness

Privacy is legitimate:

https://mobile.twitter.com/aztecnetwork/status/1560710567249096704

Of course they are discouraging the use of mixers/privacy networks according to the thread is about deterring money-laundering and illicit activity. This is the end of privacy.

It must be a huge amount that they notice the user and they would question why would he need to use mixer or privacy networks?
A kind of an interrogation and I guess they'd will be tracing the funds. How many hops does Aztec do?
legendary
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Leading Crypto Sports Betting & Casino Platform
Recently, FTX froze a user account who sent coins to @aztecnetwork's zkmoney. According to FTX, Aztec Connect - Aztec network / zk money has been identified as a mixing service, which is a high-risk activity prohibited by FTX.
If Aztec Network seem more to be like a mixing service, people using it should expect that their exchange account can be frozen if a mixed coin is sent to or received from the mixing service. People that are using exchanges should always know that they do not have privacy on exchanges and also that they do not have full control over their own coins and tokens. To have full control, noncustodial wallets are the only option.
legendary
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It appears FTX is beginning to protect itself from being sanctioned if they allow deposits and withdrawals to any privacy enhancing networks or services. According to Wu Blockchain, FTX identified this privacy roll up for Ethereum called Aztec Network as a mixing service.

This might also only be the beginning. I predict within 10 years, we will have a world where much of the exchanges would begin blocking you if you use privacy enhancing services, networks and protocols.



Recently, FTX froze a user account who sent coins to @aztecnetwork's zkmoney. According to FTX, Aztec Connect - Aztec network / zk money has been identified as a mixing service, which is a high-risk activity prohibited by FTX.

Source https://mobile.twitter.com/WuBlockchain/status/1560417501053616131
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