Edward Snowden Sounds Alarm on Bitcoin (BTC): Time-Sensitive Crypto Warning Issued
- Edward Snowden, the well-known whistleblower, has issued a crucial warning to the Bitcoin community about the urgent need for privacy at the protocol level.
- This warning comes in the wake of Wasabi Wallet’s announcement that it will cease its coordination service in June 2024, a decision that has sparked significant concern in the crypto space.
- Snowden has long advocated for advanced privacy features in Bitcoin’s core infrastructure to protect users’ financial sovereignty.
Edward Snowden warns Bitcoin community about the urgent need for privacy at the protocol level, following Wasabi Wallet’s decision to cease its coordination service in 2024.
Snowden’s Warning to Bitcoin Community
Edward Snowden, the famed whistleblower known for exposing mass surveillance programs, has issued a pivotal warning to the Bitcoin community. He asserts that time to address privacy at the protocol level is running out. This caution comes in response to the recent announcement by Wasabi Wallet, a leading player in Bitcoin privacy solutions, declaring the cessation of its coordination service effective June 1, 2024.
Implications of Wasabi Wallet’s Decision
The decision, attributed to the company zkSNACKs, has stirred significant concern within the crypto space. It affects individuals utilizing other wallet clients connected to the zkSNACKs coordinator, such as Trezor Suite and BTCPayServer. Despite the cessation of its coinjoin coordination service, Wasabi Wallet will remain functional as a Bitcoin wallet, albeit with diminished privacy features.
