EddieJayonCrypto

 29 Apr 24

tl;dr

zkSNACKs, the developer of the privacy-focused Wasabi Wallet, has indefinitely barred U.S. citizens and residents from using its platform. The decision is likely linked to the recent arrest of Samourai Wallet founders and the prosecution of Tornado Cash's developers. This follows the arrest of Torna...

zkSNACKs, the developer of the privacy-focused Wasabi Wallet, has indefinitely barred U.S. citizens and residents from using its platform. The decision is likely linked to the recent arrest of Samourai Wallet founders and the prosecution of Tornado Cash's developers.

This follows the arrest of Tornado Cash co-founder Roman Storm, who faces allegations of money laundering and sanctions violations. The Department of Justice accuses Storm and his co-developer of facilitating over $1 billion in money laundering, including for North Korea’s Lazarus Group.

In light of recent announcements by U.S. authorities, zkSNACKs is now strictly prohibiting U.S. users from using its services. An IP address blocking for U.S. residents is effective on wasabiwallet.io, api.wasabiwallet.io, and zksnacks.com, the team wrote in a blog update.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 27 Dec 24
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