Bitcoin Layer Citrea Acquires Privacy Wallet Crest

Bitcoin Layer Citrea has announced the acquisition of the self-custody Bitcoin privacy wallet Crest, which will become Citrea's flagship privacy product. Its founder, Meliksah Gurtemel, will join Citrea as the head of product. Crest plans to launch a Bitcoin mobile wallet in the coming weeks, supporting automatic shielding, private BTC transfers, and cross-linking from Bitcoin and Ethereum. Users will be able to pay assets such as USDC or ETH to EVM addresses using shielded BTC privately. Citrea's core contributor, Chainway Labs, developed the open-source privacy compliance framework Proof of Innocence, which allows privacy pool users to prove that their funds are not associated with illegal or blacklisted addresses without revealing their identities.

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