ZKSNACKS Coin (ZKS) to Halt Coinjoin Coordination Services from June 1: What Crypto Investors Need to Know

• ZKSNACKS, the company behind the Wasabi Wallet, has announced it will discontinue its Coinjoin coordination service from June 1, 2024.
• The decision was made due to regulatory uncertainty, but the Wasabi Wallet will continue to function as a regular Bitcoin wallet.
• This move will impact users of wallet clients that connect to the zkSNACKs coordinator, including Trezor Suite and BTCPayServer.

ZKSNACKS discontinues its Coinjoin coordination service amid regulatory uncertainty, impacting Bitcoin privacy and users of wallet clients like Trezor Suite and BTCPayServer.

ZKSNACKS Shuts Down Coinjoin Coordination Service

ZKSNACKS, the company pioneering the development of the Wasabi wallet, has announced it is shutting down its Coinjoin coordination service from June 1, 2024. The decision was made following thoughtful considerations, with regulatory uncertainty cited as the main reason for discontinuing the privacy-focused service.

Impact on Wasabi Wallet and Other Wallet Clients

Despite the discontinuation of the Coinjoin service, ZKSNACKS assured users that the Wasabi Wallet will continue functioning as a regular Bitcoin wallet. However, the firm highlighted that the nature of the Bitcoin blockchain prevents users from obtaining complete privacy without Coinjoins. This move will notably impact users of wallet cli... Read the full article for FREE at COINOTAG!