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Home»TRADING NEWS»Edward Snowden Calls for Bitcoin Privacy Update Amid Coinjoin Shutdown
TRADING NEWS

Edward Snowden Calls for Bitcoin Privacy Update Amid Coinjoin Shutdown

By Crypto FlexsMay 3, 20242 Mins Read
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Edward Snowden Calls for Bitcoin Privacy Update Amid Coinjoin Shutdown
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Edward Snowden has urged blockchain developers to strengthen privacy protections in Bitcoin after the cryptocurrency mixing service was shut down due to pressure from the United States.

Former National Security Agency (NSA) contractor Edward Snowden recently urged blockchain developers to prioritize implementing Bitcoin’s privacy measures at the protocol level following the shutdown of a mixing service in the United States.

in X post On May 3, Snowden noted that he had been warning Bitcoin developers “for a decade that privacy must be provided at the protocol level,” in response to ZkSNACKs announcing the closure of Coinjoin. “The clock is ticking,” he added. Cryptocurrency mixing service scheduled to end on June 1st.

I have been warning Bitcoin developers for 10 years that privacy must be provided at the protocol level. This is your final warning. The clock is ticking. https://t.co/r7w7gdrHRp

— Edward Snowden (@Snowden) May 2, 2024

ZkSNACKs, the developer of Wasabi Wallet, announced earlier that it had decided to discontinue support for Coinjoin amid increasing pressure from US law enforcement.

The shutdown follows federal prosecutors in New York charging the Samourai Wallet founders with illegal trading of more than $2 billion, marking a broader crackdown on suspected cryptocurrency wallets and mixers by U.S. authorities. As crypto.news previously reported, the severity of the allegations highlights a widespread crackdown by US authorities on cryptocurrency wallets and mixers engaging in suspicious activity.

Meanwhile, Snowden attract attention For A former NSA contractor agreed with Goitein’s warning, saying the NSA is now “days away from taking over the Internet.”

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