Ethereum co-founder Vitalik Buterin made several transactions worth about 100 ETH (~$575,000) through the Railgun anonymizer. Journalist Colin Wu drew attention to this.
Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is a EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small…
— Wu Blockchain (@WuBlockchain) April 15, 2024
Railgun is an EVM privacy protocol that keeps transfer details like token type, amount, sender and recipient secret.
According to the dashboard Arkham IntelligenceButerin has interacted with the protocol several times over the past six months. At first he sent small volumes there, but over time he increased the amount.
The last transaction on April 15th was for 100 ETH (~$325,000).
Under Wu's post on X, community members suggested that the developer simply wants privacy, given the amount of attention paid to his person.
I would be using railgun too if I had you blasting the whole world every time I did anything with my money
— dtheo (@infosecual) April 15, 2024
Representatives of the anonymizer also responded to the journalist’s post. They noted that the protocol is “a completely decentralized system that anyone can use.”
It's a fully decentralized system that anyone can use. RAILGUN is a secure evm protocol that's already used by at least 3 wallet apps. https://t.co/TMZfhsY8OV explains more.
— RAILGUN — Private & Anonymous DeFi (@RAILGUN_Project) April 15, 2024
Over the past 24 hours, the native Railgun token (RAIL) has grown by 145%, from $0.58 to $1.34. Its capitalization reached $79 million.
In October 2023, PeckShield analysts recorded the transfer of 14.93 million USDC to the Gemini exchange from a wallet associated with Buterin. The Ethereum co-founder explained that most of these transfers represent “some kind of donation to a charity, non-profit or other project.”
Previously, the developer deposited 600 ETH, worth about $1 million at that time, on the Coinbase cryptocurrency exchange. The day before the transfer, Buterin closed a position of 251,000 RAI on the MakerDAO platform and withdrew 1,000 ETH (~$1.67 million).
Source: Cryptocurrency
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