On the evening of August 18, a series of Twitter accounts complained about having their FTX accounts frozen for interacting with Aztec Network’s zk.money, claiming that the DApp was a mixer – a service deemed “high-risk activity” by the exchange is prohibited.
CEO Sam Bankman-Fried responded but neither confirmed nor denied that any accounts had been frozen.
The upgrades will result in the following updates to the Aztec Network:
Unlike other web3 protocols, which have either had to close down or abide by U.S. sanctions, Aztec have taken a different approach. The network argues that it “restricts behavior, rather than individuals”.
The network declared, “if our network is used to harm users, we’ve failed our mission.” It also confirmed “working with partners to identify those using stolen funds and unmask them using publicly available information *outside* of the Aztec system.”
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