Cryptocurrency exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) update.

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Binance has warned that any transaction sent through the MWEB feature will be lost as the exchange cannot verify the sender’s address. The crypto exchange did not respond to Cryptooshala’s request for comment at the time of publication.

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The announcement comes just days after major South Korean crypto exchanges delisted LTC due to a recent update that makes transaction details private. The delisting comes just weeks after five crypto exchanges issued warnings similar to those of Binance. However, the delisting did not come as a surprise as South Korea is known for its strict privacy laws prohibiting anonymous transactions on crypto exchanges.

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The MWEB update for LTC is one of the most important updates that was released earlier this year, almost two and a half years after it was first proposed. The update added several privacy features and made the LTC blockchain more scalable.

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The decision to end support for the MWEB feature also came at a time when the leading crypto exchange was overshadowed by controversy. Reuters recently accused Binance of facilitating illegal transactions worth $2.5 billion.

Chagpeng Zhao (CZ), CEO of Binance, denied all such allegations, citing data released by analytics firm Chainalysis.

The US Securities and Exchange Commission also launched a security breach investigation related to the 2017 Binance BNB ICO sale.

A privacy feature that was considered a major upgrade turned out to be the bane of one of the oldest cryptocurrencies. The MWEB update comes at a time when regulatory oversight is at its highest and privacy features have become a primary goal of regulators around the world.