Transaction ID 6a1039f8b356c4e65d112617886f378274c3a8a38a28e0337997cb516ead3084

Memo transaction

Post memo I have thought exactly the same thing. I suppose they can go after applications like memo first, though people can still read the stuff raw from blockchain or use OSS tools.
Reply to memo 263c925dbdd907e4985c24a6f1b8e8030f99aff2bb94f35b47c6a384be531f5c