Aztec Labs officially announces the abandonment of zk.money ownership

Odaily News According to official news, Aztec Labs officially announced the abandonment of zk.money ownership. Exiting DeFi positions will now: - Require running multiple rollups in person; - May cost more than $200 in ETH gas fees; - Require handling any security issues independently. Users can refer to the official guide to withdraw funds from Aztec V2 and Aztec Connect. Last March, Aztec Network, a privacy and expansion solution based on ZKRollup, announced that it would gradually shut down the DeFi privacy bridge project Aztec Connect, and then disable deposits from zk.money and other front-ends (such as zkpay.finance) to the Aztec Connect contract, but users will be able to withdraw funds for free within one year. The Aztec team expects to completely abandon the Aztec Connect contract after one year, and all Rollup functions will be stopped, with an estimated time of March 21, 2024.