zk.money

Aztec Network developer Aztec Labs has relaunched the self-custody wallet zk.money, which can hide payment amounts, balances, and recipient information through the Aztec Network, and supports transfers via readable names or links. Users can deposit DAI, USDC, or USDT from Ethereum, where USDC and USDT will be converted to DAI.Deposit records can still be publicly tracked, while subsequent transaction activities remain private. The early Alpha version stipulates that single deposits, payments, and withdrawals are all below $2,500 and screens addresses according to sanction policies. The software has not yet completed a comprehensive audit and carries security risks.

ChainCatcher message, based on the ZK Rollup privacy and scalability solution Aztec officially announced that it has formally relinquished ownership of the zk.money domain. This means that users will now need to run multiple rollups themselves to withdraw DeFi positions from the platform, and they will likely have to pay over $200 in Ethereum gas fees, while also independently addressing any security issues.It is reported that Aztec Labs has provided two code repositories on GitHub, namely aztec-v2-ejector and aztec-connect-ejector, for users to reference on how to withdraw safely.

ChainCatcher news, the relevant person in charge of Aztec Network, a privacy and scalability solution based on ZK-Rollup, responded in the community: The decision to shut down Aztec Connect is mainly due to business considerations, and no regulatory agency has contacted us. The privacy of Aztec Connect has led to some design issues, increasing maintenance costs. The company is focusing on our next-generation version of the protocol, which will support fully programmable smart contracts with privacy by default. Given the scale of the new project, we need to concentrate all engineering resources to complete it... We are still focused on L2 Rollup and have never established L1; the strategy has never changed, just entering the next phase.In addition, in the Discord community, team members also stated that they will provide all exit transactions for zk.money users for free (0 Gas) next week.Previous report, Aztec announced the gradual shutdown of the privacy bridge project Aztec Connect and will focus on developing new products based on the Noir language.