The problem with eXch is that it's a centralized service in an environment hostile to privacy, or at least to no-KYC exchange. If I were them, I'd simply comply with court orders (ignoring government requests), or at least restrict/review some transactions (flows above $50,000), or temporarily restrict the service when such events occur. While the above solutions aren't ideal, they're much better than losing eXch; we've lost a good service.
Compromise is the first step in been slowly devoured. Give them a finger and they will eat you whole.
Exch chose their users trust and image over false safety. If they had complied they had be dead either way.
I also don't understand that part. Just like I don't understand the "8 Terabytes part" (reminds me of ChipMixer?) when they're not supposed to have logs. Just nodes?
This part confuses me too. Either exch wasn't completely honest or the German agency are just tryna create FUD
to destroy trust and make alleged
guilty unrest.
The all story feels off. Take for example exch came to make a public declaration that they had an insider
I was of the notion that they would have moved and cleared any traces before making such announcement.
They have been in operation for long, they
wouldn't be that incompetent.
All we can see is wait and see how this pans out
https://x.com/veritas_web3/status/1921936761833525312?t=_YubhQiUZCGmCTO6YbEoXw&s=19The majority don't care about privacy as can be seen on the X post link above.