Privacy Protocol Nocturne Shuts Down Operations
CryptoNewsTerminal Staff06 Jun, 2024
Privacy Protocol Nocturne Shuts Down Operations
Nocturne, a privacy protocol launched last year, has announced its closure. The news was revealed via an official statement on Twitter, where the team expressed their decision to "discontinue our operations after sunsetting the privacy protocol we built early last year." The frontend will continue to support withdrawals until the end of the month, when users will have to switch to self-custodial solutions. Launched in November 2021, Nocturne raised $6 million in a seed round the previous October. The funding round saw participation from notable figures in the crypto space, including Ethereum co-founder Vitalik Buterin. The exact reasons behind Nocturne's closure remain undisclosed, but the team mentioned the challenges faced in building and maintaining a privacy-focused protocol. They emphasized their commitment to supporting users during the transition and expressed gratitude for the community's support.
