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

submitted 2 weeks 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 weeks 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.

[-] Mango@lemmy.world 3 points 2 weeks ago

It's almost like people will take whatever they can get no matter what the organizational structure or who they say they are. Put the good guys in charge and you'll find out how to make bad guys.

[-] Scolding0513@sh.itjust.works 2 points 2 weeks ago

NYK, NYC

I can't have sympathy for this guy. Even if you're the kind of person that doesn't mind exchanges, it is basic fiscal responsibility to split your large wealth up into multiple places

these are the kind of nerds that dont have any responsibility, they just trade crypto for the lulz and dont know anything about how crypto works.

Natural selection at its finest. the idiots get nerfed.

[-] mimblewimbler@monero.town 1 points 2 weeks ago

Maybe it's a lot to you, but what makes you think he didn't split up his wealth? The guy probably has millions split up in various accounts.

[-] Scolding0513@sh.itjust.works 1 points 2 weeks ago* (last edited 2 weeks ago)

someone who has millions in other accounts isnt having 200k "ruining his life" and complaining and whining on reddit 🤣🤣 try again bro. use your brain

[-] MigratingtoLemmy@lemmy.world -5 points 2 weeks ago

I heard reports of Haveno being a spy-project?

[-] shortwavesurfer@monero.town 10 points 2 weeks ago

That was just a person on dread spreading fud. I saw another post later that did a breakdown of everything that was changed in the code and there was no problems.

[-] chillband@monero.town 6 points 2 weeks ago

No, stop FUD. This was a post by some crack head on Dread that doesn't understand shit about Haveno-reto network.

[-] tusker@monero.town 3 points 2 weeks ago

The state is too incompetent and lazy for that. That is only on TV shows. In reality they just wait until someone snitches or moves $10 million then they swoop in claiming they were "investigating" all along..

[-] Scolding0513@sh.itjust.works 1 points 2 weeks ago

lmao this is so true

[-] IP2@monero.town 1 points 2 weeks 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.