FTX froze a user’s account due to a transaction to the Aztec Network’s zkmoney, identified as a mixing service.
FTX has prohibited the high-risk mixing service, similar to Tornado Cash that was recently censored by the US Treasury.
FTX’s exchange token FTT remains indecisive after yielding nearly 14% losses over the past week.
FTX exchange recently froze a user’s account due to a transaction where the user interacted with Aztec Network’s zkmoney. FTX is following in Uniswap’s footsteps, identifying and blocking high-risk activity protocols like Aztec.
FTX freezes user account after transaction with Aztec’s zkmoney
FTX exchange landed a blow to users interacting with high-risk activity protocols like Aztec. Colin Wu, a Chinese journalist revealed that FTX is reportedly blocking users who are sending money through this protocol. Aztec Protocol is a privacy-first zk-rollup on Ethereum bringing confidentiality and cost savings to the ecosystem.
FTX’s grounds for freezing user accounts...
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