this post was submitted on 18 Jun 2024

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Monero

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Account with 200k+ frozen by Coinbase (r/CoinBase repost) (www.reddit.com)

submitted 4 months ago by [email protected] to c/[email protected]

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KYC exchanges, are going to be worse than traditional bank accounts.

That's madness. Asking people to prove where funds come from + their identity for finally freezing their savings like that.

The Monero community is getting immune from this with haveno & AtomicSwaps. SeraiDEX soon :)

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[–] [email protected] 1 points 4 months ago

Unless we're talking different things here, my understanding was that a large enough entity could theoreticaly control a large number of haveno accounts and collect all the off-chain data. Not strictly a haveno issue.