Trezor to add CoinJoin-based Bitcoin-mixing tool to its wallets

Hardware wallet maker Trezor announced a partnership with Wasabi Wallet. The aim of the collaboration is to integrate CoinJoin, a Bitcoin transaction-mixing tool, into the devices.

🚨 BREAKING: Hardware wallet coinjoins are coming next year with our friends at @Trezor pic.twitter.com/2RFCgM9wK2

— Wasabi Wallet (@wasabiwallet) September 4, 2022

The technology groups transactions randomly to conceal the origin of funds. Access to the new option will be available in 2023.

The head of Public Relations and Reputation at zkSNACKs Karo Zagorus in comments to Decrypt clarified that talks with Trezor began in 2019. He said the result is a ‘phenomenal achievement’.

The Wasabi team added that work on the anonymization technology is a response to intensifying government oversight. Financial transactions could ultimately be used to track citizens, they noted.

In November 2020, the developers of the privacy-focused Bitcoin wallet announced the release of a new version of Wasabi Wallet. It is intended to simplify conducting confidential transactions by automating mixing via CoinJoin.

In spring 2021, the Trezor team reminded of the hardware wallet’s high security against hacking attempts. The statement came amid plans by U.S. authorities to create a tool to bypass protections and gain access to crypto assets.

On August 8, the OFAC added the cryptocurrency mixer Tornado Cash, and related 39 Ethereum and 6 USDC addresses, to the sanctions list.

In the industry-based advocacy group Coin Center, they stated that the agency overstepped its authority. Kraken CEO Jesse Powell called the regulator’s actions unconstitutional and infringing on citizens’ right to privacy.

Prior to this, OFAC added the crypto mixer Blender to the sanctions list.

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