Yeah, i didn't expect them to not be doing KYC, I just assumed they just blocked coins from addresses on the OFAC list, instead of going above and beyond what the law asks, using sophisticated AI chainanalysis. When a big company goes above and beyond, its usually coupled with asking the government to regulate harder, creating an expensive regulatory moat that keeps out newer, smaller companies.

Also many people use Swan to not give money to altcoin products.