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

submitted 11 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 11 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.