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The Aztec project deposited the remaining 5,020 ETH from its public sale into Coinbase, completing the full liquidation of its ETH holdings. I’ve never been fond of this project. Since 2017, it has been working on Ethereum privacy for nearly nine years, accumulating some technical expertise in zk and programmable privacy—but its product execution and market adoption have been painfully slow, and the community has largely viewed it as “all thunder, no rain.” This move is entirely expected. I truly hope other projects focused on Ethereum privacy will succeed—privacy is essential for the future of on-chain payments, on-chain assets, and the AI agent era.

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