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Komodo Wallet DEX has fallen - Not so decentralized after all 👎️ (komodoplatform.com)

submitted 2 months ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

cross-posted from: https://realbitcoin.cash/post/16274

"To ensure full compliance with these new regulations, we needed to act immediately..... removal of the DEX and bridge features from Komodo Wallet"

🚨 Make sure to remove all your funds and stop using this platform! Let's show them this is not OK. 🚨

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[–] [email protected] 2 points 2 months ago (1 children)

I use Cake, with a possibility to swap money inside the wallet, through exolix or similar services

[–] [email protected] 1 points 2 months ago (1 children)

Yes I do that as well, but this was a real atomic DEX which supported hundreds of coins. They decided to bend the knee to try and attracts "large professional liquidity". When will people learn going KYC defeats 90% of the purpose of cryptocurrency?

[–] [email protected] 3 points 2 months ago (1 children)

if the exchange can be submitted to comply to any regulation, it means that it is a centralised exchange, not a decentralised one.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

It looks like they voluntarily submitted to it, they may have partnered with some liquidity provider and KYC was a condition. Hopefully it gets forked.