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AZTEC LABS announced relinquishing ownership of ZK.MONEY, impacting user operations and fees.

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Odaily
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May 1, 2024

AZTEC LABS officially announced the relinquishment of ownership of ZK.MONEY and the exit from the DEFI position will require users to personally run multiple ROLLUPs, which may cost over $200 in $ETH GAS fees, and independently handle any security issues. Users can refer to the official guide to withdraw from AZTEC V2 and AZTEC CONNECT. In March last year, AZTEC NETWORK announced the gradual shutdown of the DEFI privacy bridge project AZTEC CONNECT and will disable funds from being deposited into the AZTEC CONNECT contract from ZK.MONEY and other front ends (such as ZKPAY.FINANCE). However, users will be able to withdraw for free within a year. The AZTEC team expects to completely abandon the AZTEC CONNECT contract after one year, and all ROLLUP functions will cease, with an estimated date of March 21, 2024.

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