SimpleSwap Pauses Automatic Refunds for Compliance Checks
- Automatic refunds on swaps are paused for compliance checks, with funds returned if exchanges cannot proceed.
- Refunds typically complete within 5 to 15 minutes, but may take up to 30 minutes during busy network times.
- Partners must include a refund address in API requests, and a standard network fee is deducted from returns.
- Over the past year, SimpleSwap added more than 300 assets, leveraging over 20 liquidity providers.
- SimpleSwap has processed over 20 million swaps for more than 10 million users since its inception in 2018.
SimpleSwap has implemented a pause on automatic refunds for certain swaps to conduct compliance checks, ensuring funds are returned promptly when necessary. The platform continues to expand its asset offerings and liquidity sources without requiring partner-side releases.
The changes aim to enhance security and reliability while maintaining efficient service, as evidenced by the addition of over 300 assets and processing of over 20 million swaps . (Source )
