ZKSNACKS Coinjoin Coordination Service Will Stop Functioning From June 1

• ZKSNACKS has announced it is shutting down its Coinjoin coordination service from June 1, 2024.
• The company cited regulatory uncertainty as the main reason for its decision.
• Wasabi Wallet will continue functioning as a regular Bitcoin wallet.

ZKSNACKS, the company pioneering the development of the Wasabi wallet, has announced it is shutting down its Coinjoin coordination service from June 1, 2024. In a recent report, the company cited regulatory uncertainty as the main reason for discontinuing the privacy-focused service.

After years of relentless dedication to improve Bitcoin’s privacy, zkSNACKs, the company pioneering the development of Wasabi Wallet, is shutting down its coinjoin coordination service, effective from June 1st, 2024. Coinjoin is a major currency mixing protocol after Tornado.…

— Wu Blockchain (@WuBlockchain) May 3, 2024

Posting on the Wasabi wallet blog, zkSNACKs highlighted that it decided to shut down the Coinjoin service following thoughtful considerations. However, the company noted that it will continue functioning as a regular Bitcoin wallet where users can generate private keys to receive and send Bitcoins.

Meanwhile, the f…

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