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Bitcoin

Launching privacy gatherings on Ethereum, with Vitalik collection of feature

A semi -priceless privacy tool launched privacy complexes, on ETAREUM, allowing users to deal in particular with proving that their money is not related to illegal activities.

Privacy tool, Firing Written by Ethereum Builders 0xbow.io on March 31, he received support from the co -founder of Ethereum Vitalik Buterin, who not only supported the privacy project, but also provided one of the first deposits on the platform.

0xbow.io said he is carrying out “association groups” to support transactions in unknown privacy gatherings and that a test test is done to ensure that these transactions are not linked to illegal actors, such as infiltrators, fluorine and scammers.

0xbow.io said that if the association’s “dynamic” groups are accepted – this is if a treatment is accepted but later, it can be removed from the group without disrupting any other deposits.

If the deposit is excluded, the user can click on the “Ragequit” function to return the money to their original deposit address.

Innovation is part of the 0xbow.io vision “to make privacy normal” with an attempt to achieve organizational compliance.

Privacy protocols have received a major violent reaction from organizers in recent years due to their increasing use by illegal actors to money laundering.

One of these privacy tools, Tornado Cash, was approved by the US Treasury Office to Combat Foreign Asset (OFAC) between August 2022 and March 2025 after it was linked to about $ 7 billion washed by the North Korean Lazarus Group.

Tornado Cash has been removed since then from the OFAC blacklist after the US Court of Appeal said that the sanctions were illegal in January 2025.

Note 0xbow.io that the initial deposits are limited to 1 ether (ETH), but the limit will be raised as soon as the privacy protocol is tested.

Privacy gatherings inspired by Burin and others

More than 21 ETH was already transfer In privacy gatherings of 69 bids, including at least one of Burin, 0xbow.io note.

source: Vitalik Buterin

In addition to Borin, 0xbow.io He said He also received investment support from the Number, Banklessvc Group, public works and many owners investors.

Related to: Privacy is not a luxury in encryption, it is a necessity – CEO midnight

0xbow.io also praised Borin, the chief scientist in the series of analysis Jacob Elum, and two academics at Basel University in Switzerland to draft September 2023 White paper Determine how to build privacy pools.

0xbow.io, the strategic consultant also contributed to the paper, which witnessed more than 12,000 downloads and was martyred in nine other papers.

The privacy gathering code has also approved a successful audit of the audit processor. A smart contract audit company that has been established by former Apple engineer Joe Van Lunon.

More than $ 41 billion of illegal transportation operations were performed in 2024, which constitute 0.14 % of the total Onchain size for this year, according to the Crypto Crime Crypto report published on January 15.

While it represented about 11 % of a decrease in 2023, a series said that this number could climb to about $ 51 billion as more criminal titles were found.

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