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In March 2021, Aztec launched its first product – zk.money – a basic software for private transactions on the Ethereum blockchain. In July 2022, a sister product, Aztec Connect, was launched. Both products will be shut down simultaneously, Aztec said. As of Friday, Aztec Connect had little over $20 million
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“The immense research invested into Aztec Connect will be usable and indeed critical to the development of our next-gen product," wrote the Aztec team in a Medium post. "Having an encrypted rollup live and in production gives us confidence in our shift to focusing on a fully programmable version." Source
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Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum.Aztec Network officially announced the upcoming closure of Aztec Connect, planning to disable Aztec Connect deposits from front-ends like zk.money and zkpay.finance on March 17.According to a blog post
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Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus on constructing an encrypted version of Ethereum, allowing individuals and organizations
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The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu and AVG. By partnering with a16z, the company plans to hire new
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According to reports on social media, a number of users have complained that FTX has blocked a transaction that was associated with the Aztec Network’s zkmoney privacy technology. Following the accusations, FTX CEO Sam Bankman-Fried explained that transactions are monitored for AML compliance but it “does not mean any accounts
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FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange.Reports of blocked transactions
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In March 2021, Aztec launched the zk.money protocol, which provided a privacy shield for direct Ethereum transactions. Connect moves the shield out further, allowing users to privately connect to Ethereum’s decentralized finance (DeFi) ecosystem, including popular apps Uniswap, Lido and Aave. Private DeFi actions could include staking, lending, swaps and
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Aztec’s first product was the private transfer protocol zk.money, which the company says has had over 20,000 registered users, 50,000 transactions and $35 million in total deposits. In January, the company is set to launch Aztec Connect, a way for users to privately access Ethereum’s decentralized finance (DeFi) ecosystem. Source
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