• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

FTX users complain about fund freezes after interacting with privacy protocol Aztec Network

August 19, 2022
in Altcoins
Reading Time: 3 mins read
A A
ShareShareShareShareShare

FTX has allegedly warned users against interacting with high-risk services as complaints surfaced that the exchange is blocking accounts that interacted with zk money on the Aztec network.

Chinese journalist Colin Wu reported Aug. 19 that a user’s account was frozen for making a transfer to his zk money account.

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.

— Wu Blockchain (@WuBlockchain) August 19, 2022

Some users took to Twitter to share their experiences. A Twitter user earlier shared some screenshots on Aug. 14, about a series of questions that FTX customer care asked when attempting to make deposits to the account.

Another user also complained about being prohibited from making withdrawals after some funds were frozen.

FTX allegedly said that addresses associated with the protocol are “high-risk” and are prohibited on the exchange. Users are advised to desist from using mixing services as it could endanger their accounts.

Aztec is a privacy protocol, not a mixer

Some users noted that Aztec Network is a privacy solution and should not be treated on the same terms as mixing services like Tornado Cash.

Can’t believe this, so anyone who interacts with a privacy chain is frozen from now on!

You know what else is privacy preserving… cold hard cash

What’s next, they start freezing those users for being involved with mixers?

— jaimin.eth | jaimin.sol (@Jaimin___Patel) August 19, 2022

zk money is a layer-2 privacy solution built on the Aztec network which enables users to perform transactions without compromising their privacy. Transaction data can be shielded from the public but the owner can choose who and what to share if the need be.

A user expressed pessimism that if freezing sprees against privacy protocols are unchecked, zk rollup solutions which are built to preserve privacy may have met an early end.

zk rollups are dead already

— 🔑 弐九84 Ø (@ghost_xnft) August 19, 2022

More concern for privacy protocols

The United States’ sanction against Tornado Cash and the arrest of a developer in the Netherlands, has brought a threat to the future of privacy-focused solutions like Monerao.

That notwithstanding, Monero still completed its hard fork on Aug. 13. The upgrade helped improve the security and privacy features of the network.

As fears about the safety of privacy protocol developers mount, Monero developer Justin Berman reiterated his commitment to keep building a solution that will give users the privacy they deserve.

I work on @monero to help make money that’s easy to use without revealing your net worth + salary + entire spending history to the world when you use it.

Completely normal thing.

I’m not going anonymous to do something completely normal.

— Justin Berman (@justinberman95) August 15, 2022

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits


Credit: Source link

Related articles

Kraken closes Abu Dhabi office; Bithumb owner arrested

February 2, 2023

SBF wins Texas case alleging violations of securities laws via FTX offerings

February 2, 2023
ShareTweetSendPinShare
Previous Post

Will Shiba Inu Test Shiba Eternity in North America?

Next Post

US Regulatory Agency Files Motion Demanding Probe of Bankrupt Crypto Lender Celsius Network

Related Posts

Kraken closes Abu Dhabi office; Bithumb owner arrested

February 2, 2023

The biggest news in the cryptoverse for Feb. 2 saw Kraken announce the closure of its Abu Dhabi office. Meanwhile,...

SBF wins Texas case alleging violations of securities laws via FTX offerings

February 2, 2023

Former FTX CEO Sam Bankman-Fried gained an early victory in a case concerning Texas securities laws, according to Bloomberg News...

Asia, EU, US are bullish on Bitcoin, Ethereum

February 2, 2023

Glassnode data analyzed by CryptoSlate analysts shows that Asia, the U.S., and the EU have been bullish on Bitcoin (BTC)...

Charlie Munger calls on US to join China in banning crypto

February 2, 2023

Warren Buffett’s business partner Charlie Munger has proposed that the United States should follow in the steps of China to...

Render token up 17% after DAO approves burn & mint mechanism

February 2, 2023

Render Network announced that it has received governance approval to implement a burn and mint equilibrium (BME) mechanism for its...

Load More
Next Post

US Regulatory Agency Files Motion Demanding Probe of Bankrupt Crypto Lender Celsius Network

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Assessing The Possibility Of Cardano Price Climbing To $3 In The Next Bull Market

January 10, 2023

No Federal Reserve Policy Pivot In Sight – Bitcoin Magazine

January 31, 2023

Bitcoin Rises Above $21K, Major Altcoins Display Double-digit Gains

January 15, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months
  • Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,594.00-0.72%
  • ethereumEthereum(ETH)$1,650.050.30%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$324.642.23%
  • usd-coinUSD Coin(USDC)$1.00-0.01%
  • rippleXRP(XRP)$0.411713-0.69%
  • binance-usdBinance USD(BUSD)$1.000.14%
  • cardanoCardano(ADA)$0.4024490.79%
  • dogecoinDogecoin(DOGE)$0.091679-3.34%
  • matic-networkPolygon(MATIC)$1.19-1.01%
  • okbOKB(OKB)$39.814.52%
  • solanaSolana(SOL)$24.45-2.61%
  • staked-etherLido Staked Ether(STETH)$1,642.990.24%
  • polkadotPolkadot(DOT)$6.591.63%
  • shiba-inuShiba Inu(SHIB)$0.0000121.79%
  • litecoinLitecoin(LTC)$99.31-1.20%
  • avalanche-2Avalanche(AVAX)$21.310.68%
  • tronTRON(TRX)$0.0642031.22%
  • uniswapUniswap(UNI)$7.195.24%
  • daiDai(DAI)$1.000.03%
  • cosmosCosmos Hub(ATOM)$14.48-3.20%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,556.00-0.88%
  • ToncoinToncoin(TON)$2.38-0.80%
  • chainlinkChainlink(LINK)$7.15-1.12%
  • leo-tokenLEO Token(LEO)$3.360.00%
  • moneroMonero(XMR)$172.93-2.80%
  • ethereum-classicEthereum Classic(ETC)$22.540.51%
  • AptosAptos(APT)$17.19-5.57%
  • bitcoin-cashBitcoin Cash(BCH)$137.311.10%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092228-0.26%
  • apecoinApeCoin(APE)$5.92-2.50%
  • quant-networkQuant(QNT)$144.74-2.67%
  • nearNEAR Protocol(NEAR)$2.461.47%
  • filecoinFilecoin(FIL)$5.51-4.86%
  • crypto-com-chainCronos(CRO)$0.080807-0.43%
  • lido-daoLido DAO(LDO)$2.28-0.97%
  • algorandAlgorand(ALGO)$0.2579981.91%
  • hedera-hashgraphHedera(HBAR)$0.067626-2.87%
  • vechainVeChain(VET)$0.024289-2.35%
  • fantomFantom(FTM)$0.615.37%
  • internet-computerInternet Computer(ICP)$5.82-4.49%
  • decentralandDecentraland(MANA)$0.79-1.79%
  • axie-infinityAxie Infinity(AXS)$11.29-1.10%
  • aaveAave(AAVE)$88.750.16%
  • the-sandboxThe Sandbox(SAND)$0.75-1.65%
  • eosEOS(EOS)$1.08-0.57%
  • flowFlow(FLOW)$1.12-1.24%
  • elrond-erd-2MultiversX(EGLD)$45.272.00%