zkSNACKs will shut down its CoinJoin mixing service starting June 1 as U.S. regulators and authorities crack down on privacy tools and law enforcement agencies continue to put pressure on it.
Before zkSNACKs shut down its privacy-focused trading tools, the project had already taken other steps to limit its legal liability in the United States. Last week, zkSNACKs announced a ban on U.S. citizens and residents from using its Wasabi Wallet. (The Block)
Previously, zkSNACKs, the developer of the privacy-enhanced Bitcoin wallet Wasabi Wallet, announced that users in the United States will be banned from using its products indefinitely. The decision was likely triggered by the arrest of the founder of Samourai Wallet this week.