this post was submitted on 18 Jun 2024

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

submitted 2 months ago by essaaaa@discuss.tchncs.de to c/monero@monero.town

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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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[–] shortwavesurfer@monero.town 14 points 2 months ago

Not your keys, not your crypto. Why this person was stupid enough to leave that much money on an exchange is beyond me. An exchange is like a public toilet. You get in, do your business and get the fuck out. You don't hang around in a public toilet. People like this unfortunately have to learn lessons the hard way.