๐ ONCHAIN INSIGHT !!!
ZACHXBT: UK SANCTIONS ON HTX MAKES ON-CHAIN RISK SCORE MEANINGLESS ๐ฌ๐ง
๐ ZachXBT argues that the UK's sanctions against HTX have created a "tainting" effect that's too broad โ marking too many addresses incorrectly, causing the risk labels related to sanctions to become less accurate in blockchain investigations.
๐ฐ Compliance systems often can't distinguish between activities before and after sanctions are imposed โ leading to a plethora of false positives, while a $0.25 billion money laundering scheme slips through the cracks.
๐ FixedFloat has announced a pause and will conduct additional reviews on transactions originating from HTX โ showcasing the real-world impact spreading across the ecosystem.
When compliance tools are "noise" by overly broad sanctions, both blockchain forensics and innocent users suffer โ a tough puzzle for global regulators.
#ZachXBT #HTX #Sanctions #Compliance
$BTC $ETH $BEAT
ZACHXBT: UK SANCTIONS ON HTX MAKES ON-CHAIN RISK SCORE MEANINGLESS ๐ฌ๐ง
๐ ZachXBT argues that the UK's sanctions against HTX have created a "tainting" effect that's too broad โ marking too many addresses incorrectly, causing the risk labels related to sanctions to become less accurate in blockchain investigations.
๐ฐ Compliance systems often can't distinguish between activities before and after sanctions are imposed โ leading to a plethora of false positives, while a $0.25 billion money laundering scheme slips through the cracks.
๐ FixedFloat has announced a pause and will conduct additional reviews on transactions originating from HTX โ showcasing the real-world impact spreading across the ecosystem.
When compliance tools are "noise" by overly broad sanctions, both blockchain forensics and innocent users suffer โ a tough puzzle for global regulators.
#ZachXBT #HTX #Sanctions #Compliance
$BTC $ETH $BEAT