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No, the first limit for deposits was 1M sats iirc. It was decreased from 500k to 250k 2 days ago.
However, keep in mind that this doesn't mean your wallet can only hold 250k sats now. You can still have more by getting zapped, you just can't deposit more than that. We call this a soft limit. We're doing this because we are not and we do not want to be a wallet provider because of legal exposure.
Aha! So I'm not crazy. I knew I was messaging people before who I can't message now. Good to know. I will adjust my wallet balance more often.
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Right after the edit period expired I realized I should rethink that response
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