TechFlow news — On March 29, the official blog of zkSNACKs announced that two weeks ago, the company sponsoring Wasabi Wallet development decided to reject certain UTXOs from registering into coinjoins coordinated by the company. The implementation of this blacklist serves a greater goal: ensuring the survival of the best Bitcoin privacy technology. While setting up blacklists is far from ideal, it represents a small price to pay for the future of Bitcoin privacy. zkSNACKs emphasized that the blacklist is not intended to target Russians specifically. To ensure the project's survival, the company has chosen to act in accordance with societal demands, even if philosophically it does not fully align. The anonymous technology behind Wasabi Wallet has led to legal challenges, forcing the company to choose between ceasing operations or introducing a blacklist. Without zkSNACKs continuing to fund development, advancing Wasabi 2.0 developers would become significantly harder. Therefore, to prevent disruption of the project, the company opted to implement the blacklist. Earlier reports indicated that Wasabi Wallet’s CoinJoin mixing service would blacklist bitcoins associated with illegal activities.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
