Why Exchanges Freeze Your Funds: Real Cases and Risks
2025-07-10 13:56:40
Main Idea
Cryptocurrency exchanges are increasingly freezing user funds due to compliance and reputation risks, and users are advised to scan their wallets for AML risks before transactions to avoid frozen assets.
Key Points
1. Exchanges like WazirX and Garantex have frozen millions in user assets citing compliance and reputation concerns, often linked to hacks or money laundering.
2. Users face long or impossible processes to unlock frozen funds, making pre-transaction wallet scans crucial.
3. ScanMyWallet.Network offers a service to check wallets against sanction lists, hacker wallets, mixers, and suspicious transactions to prevent freezes.
4. The platform supports multiple blockchains (BTC, ETH, Tron) and provides smart search filters for efficient risk assessment.
5. The service is targeted at traders, investors, crypto businesses, and regular users to avoid financial lockouts due to stricter AML policies.
Description
ScanMyWallet.Network — an aggregator of services for checking cryptocurrency wallets for AML (Anti-Money Laundering) risks.
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