After US authorities and a lot of cryptocurrency companies “blocked” Tornado Cash, the subsequent title that can be place on the radar is Aztec Network.
A standing line this morning from Wu Blockchain stated that Aztec Connect’s zk.cash solution section has grow to be the target of the FTX exchange freeze. In individual:
Recently, FTX blocked a consumer account to which it sent coins @aztecnetwork is zkmoney. According to FTX, Aztec Connect – Aztec network / zk cash has been recognized as a mixing services, which is a large-threat prohibited action by FTX.
– Wu Blockchain (@WuBlockchain) 19 August 2022
“Recently, FTX blocked a user account used to deposit money into the Aztec Network product zk.money. According to the FTX party, Aztec Connect – Aztec Network / zk.money is considered a high risk mixing tool and will be banned from this exchange ”.
On the morning of August twenty, the Aztec Twitter web page responded to details that the FTX exchange suggested customers not to interact with the zk.cash platform. Specifically, Aztec has listed some solution specifications and stated that this instrument is not “high risk” as pointed out by FTX.
Our crew is previously operating on the implementation.
Taken with each other, these initiatives:
– Slow down the charge of deposits and withdrawals
– Simplify the identification of at-threat addresses
– Prevent unlawful customers from bypassing Falafel, the open supply implementation of Aztec’s rollup– Aztec (@aztecnetwork) 19 August 2022
“Our crew did a couple of items:
Reduces the pace of withdrawals and deposits
Simplify the identification of “high risk” accounts.
Restrict actions that leverage Falafel, the open supply code to apply the Aztec rollup. “
At the minute, this details is just a rumor, since the FTX celebration has not posted any content material confirming the over move. However, the FTX SBF boss responded to the tweet posted by Wu Blockchain.
As a end result, SBF stated it was not clear to Wu Blockchain that “users are locked out of their accounts”.
On the portion of zk.cash, this is a instrument to defend consumer transaction details, created on the Aztec Network’s good contracts platform. Recently, Aztec Connect (a toolkit to help advancement on the Aztec network) also has a lot of crucial initiatives for fundraising and solution advancement (particularly in the direction of Tier two ecosystems).
>> See a lot more: Aztec Connect safety bridge officially on mainnet
Coinlive will swiftly update new developments connected to this incident to readers as quickly as probable.
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