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Home»ADOPTION NEWS»Railgun refutes claims of North Korean laundering due to price surge
ADOPTION NEWS

Railgun refutes claims of North Korean laundering due to price surge

By Crypto FlexsApril 17, 20242 Mins Read
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Railgun refutes claims of North Korean laundering due to price surge
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Posted 1 minute ago In ~

Privacy exchange Railgun refuted the claims, saying: North Korean hackers use“Use of the Railgun system has been blocked,” the hacker group said.

on tuesday post At Second, it was a wrong and false claim to begin with,” he added.

Railgun’s comments came in response to comments from Wu Blockchain. post Noting that Lazarus Group hackers used Railgun to launder stolen assets, they noted that Railgun has become an alternative to Tornado Cash. FBI reported In January 2023, North Korean cybercriminals used a railgun on January 13, 2023 to launder $60 million worth of ether stolen in a June 2022 heist.

Monday, Railgun’s token price jumped by more than 123% Arkham Intelligence after Ethereum co-founder Vitalik Buterin cited the project’s privacy benefits for X data The address “vitalik.eth” was found to have transferred 100 ETH (about $311,600) to Railgun.

“Privacy is normal,” Buterin wrote in X. post. “Railgun uses a privacy-preserving pool protocol, making it much more difficult for malicious actors to join pools without compromising users’ privacy.”

According to CoinGecko, Railgun is currently trading at $1.18 as of 1 AM ET. data.

Railgun did not immediately respond to The Block’s request for comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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