According to news, the founder of Ethereum blockchain privacy startup Aztec Network told Coindesk that the Ethereum zero-knowledge (ZK) product Aztec Connect was closed for commercial reasons, not regulatory pressure.
Earlier in March, the London-based firm announced that it was discontinuing Aztec Connect, which would stop accepting new deposits on March 23, but extended the withdrawal period to one year. Some users suspected that the decision was the result of regulatory pressure, but Aztec refuted that claim, and in an interview with CoinDesk, Aztec product chief Joe Andrews and CEO Zac Williamson reiterated that they had not been contacted by any regulators or law enforcement agencies, The reason for the pause is due to understaffing and an unsupportive operating model, the company plans to build a small community of developers to build new versions of Aztec's software as soon as possible within the next six months.
