StarkWare just killed their entire user base

"a practical compliance framework that enables an auditing entity to selectively unshield transactions upon legitimate regulatory request"

So, the entire point of using the chain is null and void. What's the use of hiding transactions when an arbitrary entity can just... unhide them?

"For compliance, each user registers an encrypted copy of their viewing key on-chain. Upon legitimate regulatory request, a designated auditing entity can decrypt this key to trace a specific user’s transaction history, without affecting the privacy of uninvolved users."

So it is effectively mandatory. Wonderful.

Who did they think we were hiding transactions from, our ex?

The paper: https://eprint.iacr.org/2026/474