Citrea Acquires Private Bitcoin Wallet Crest

Citrea has acquired Crest, a self-custodial private Bitcoin wallet, to bring Zcash-style privacy to Bitcoin. With this acquisition, Citrea aims to make private Bitcoin effortless and practical for everyone.

The transparent public ledger of Bitcoin has turned user balances, counterparties, and transaction histories into surveillance targets. The consequences of this transparency will only compound as the asset class grows and surveillance technology improves.

Citrea's resources are now committed to bringing the same effortless privacy standard to Bitcoin that networks like Zcash have demonstrated. Crest, built on Citrea's Bitcoin-secured execution environment, will set a new benchmark for mobile, self-custodial Bitcoin privacy.