Aztec Labs says private Ethereum wallet zk.money is returning after three years

Aztec Labs says it is bringing back zk.money after three years. The wallet hides payment amounts and recipients by moving transfers onto the Aztec Network. Users can deposit DAI, USDC or USDT from Ethereum. USDC and USDT are converted into DAI, the only currency used inside zk.money. The early Alpha release caps each deposit, payment and withdrawal below $2,500. It screens addresses under a sanctions policy. The software carries security risks because it has not been fully audited. Users can request payments through a link or send them to a readable name. Aztec Labs says the wallet is self-custodial, so its operators cannot spend or freeze funds held in it.