In the latest blow to crypto privacy, cryptocurrency exchange FTX is reportedly blocking users who are sending money through an Aztec Protocol, ZK Money, a layer 2 protocol, based on the Ethereum Blockchain. This protocol shields the tokens using a zero knowledge proof cryptography (ZKPC) shield to shield the transaction. These transactions are not in the public information.
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
According to numerous FTX users, the exchange is warning against the use of Aztec Connect, Aztec Network and zk.money, saying that they are “high-risk” services. This move by FTX is now fuelling the discussion on the greater debate on crypto privacy.
Aztec’s zk.money protocol, which was first introduced in March 2021, can be used to exchange...
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