StarkWare launches privacy KYC solution to address data leaks

Deep Tide TechFlow News, June 24, According to Cointelegraph, StarkWare has launched a privacy framework called STRK20, allowing ERC-20 token users on Starknet to hide their balances and transaction information, while also supporting compliance review. The solution adopts a risk-based privacy mode, where assets must be screened before entering the shielded pool, and information can be disclosed through viewing key technology under legitimate requests.

StarkWare co-founder and CEO Eli Ben-Sasson stated that STRK20 is not a guarantee of regulatory approval, but a tool to balance confidentiality and accountability. Meanwhile, the Sui network has also launched a confidential transfer public test, encrypting balances and transfer amounts but keeping metadata such as sender and receiver addresses visible, reflecting industry interest in controllable disclosure privacy solutions.