Aztec responds to claims FTX froze user funds for Interacting with their Protocol

Aztecs Network in a Twitter respond to recent reports, that FTX froze user accounts due to their interactions with Aztec, opposed the claim that “Aztec is a mixing service”.

https://twitter.com/WuBlockchain/status/1560417501053616131

Aztec Network, reiterated its core values and affirmed that it is “not passive in stopping illegal activity.”

https://twitter.com/aztecnetwork/status/1560710567249096704?s=21&t=izqSNmLj6M4na-m0mcZk8w

our approach has always been one of practical deterrence:

Ensuring users have access to privacy on-chain while deterring money-laundering and illicit activity.

Tweeting that it was working on a series of improvements that would “virtually eliminate the ability of malicious parties to move stolen funds through Aztec.” These include changes to deposit limits, rate limits, pending deposit limits, and ‘escape hatch windows’.

The network declared,

“We have failed our mission when our network is being used to harm our users.”

The upgrade brings the following updates to your Aztec network:

Slow down the speed of deposits and withdrawals
Facilitates identification of risky addresses
Prevent unauthorized users from circumventing Falafel, an open-source implementation of Aztec’s rollup

https://twitter.com/aztecnetwork/status/1560710590779183104

At a troubling time for blockchain-based privacy, Aztec ended its Twitter thread with a scathing message.

“If privacy is outlawed, only outlaws will have privacy.”

Unlike other web3 protocols that have had to shut down or comply with US sanctions, Aztec has taken a different approach. The network claims it “restricts behavior, not individuals.”