Phoenix Wallet and Wasabi Wallet Ban U.S. Users

Phoenix Wallet, one of the leading Bitcoin wallets designed specifically for Lightning Network payments, announced that the wallet will be removed from U.S. app stores on May 3, 2024, and advised U.S. users to empty their wallets. Following this announcement, Wasabi Wallet, another open-source Bitcoin wallet focused on enhancing privacy, also made a similar decision. The development team at zkSNACKs announced an indefinite ban on access to the wallet and other services for users from the United States. Both wallet developers were forced to make their decisions after the founders of Samourai Wallet, which operates with similar privacy features, were arrested midweek on charges of enabling money laundering.