This decision is a response to their partner ceasing to provide the service that powers Coinjoin.
This impacts the feature’s operational capabilities within the Trezor ecosystem.
Coinjoin Feature to Cease in Trezor Suite by June 2024
Coinjoin has been an essential part of the privacy toolkit for Trezor users. It enhances transaction privacy by combining multiple coins from different users into a single transaction. This method significantly hampers the ability of outside observers to trace transaction histories or pinpoint the source of funds.
The discontinuation marks a significant shift in Trezor’s service offerings. However, the company has reassured its users that this decision does not affect their commitment to user privacy. In a statement, Trezor expressed deep regret about this necessary decision, emphasizing their continued priority on user privacy and security.
Coinjoin in Trezor will be shut down by 1st June 2024.
We deeply value the privacy of our users, and it is with great regret that we must announce the discontinuation of the Coinjoin feature for Trezor Suite by 1st June latest, as our partner will no longer provide this service.… https://t.co/KgyWIdtV6v
— Trezor (@Trezor) May 2, 2024
For users concerned about the accessibility of their fund’s post-Coinjoin discontinuation, Trezor has confirmed that all funds within users’ Coinjoin accounts will remain fully accessible. The transition is set to be smooth, with no action required from the users to transfer or secure their funds before the discontinuation date.
As the June 1, 2024, deadline approaches, Trezor advises all users currently utilizing the Coinjoin feature to keep informed about the updates and guidelines that will be released in the coming months. These updates will include detailed instructions and support resources to assist users during this transition phase.
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