Samourai Money Laundering Scandal Prompts Wasabi Wallet to Suspend US Services

Quick Summary:

ZkSNACKs, developer of privacy-preserving Bitcoin wallet Wasabi Wallet, has announced that users from the United States will be blocked from accessing its products and platforms until further notice.

This move has sparked interesting discussions and speculations in the crypto community, with many debating its connection to the recent arrest of Samourai Wallet’s founders.

The financial watchdog seems to be targeting specific wallet features in MetaMask, such as its swap and staking functionalities.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: HungaryUnited States

Topics: Samourai Wallet Wasabi Wallet Securities and Exchange Commission (SEC) Phoenix Wallet Bitcoin Wallet Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-28 @ 08:25:36 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 20807341

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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News Last Updated: 11 hours ago

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