After seeing US Treasury action taken against Tornado Cash, FTX started blocking wallets associated with zk .money. The Aztec Network service has been tagged as a 'high-risk mixer'.
Recently, FTX froze a user account who sent coins to
'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.Aztec Network CEO Zac Williamson took to Twitter with a long thread on Monday commenting on the situation surrounding Tornado Cash, days prior to FTX's apparent action against the network. “There is a place for regulation in Web3. It is not at the network level.
“The depressing thing is that we’ve been through this already with the World Wide Web. We don’t arrest internet service providers for the data in their cables. We don’t arrest DNS providers for signing illegal traffic.” In light of the TornadoCash ban, I have some thoughts on the future of privacy networks that I would like to share with you all.
Despite the dark circumstances of the present, there are grounds to be optimistic about the future for web3.
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