RAILGUN
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Can the mixing protocol Railgun achieve a balance between on-chain privacy and regulatory compliance in the crypto world?
Preface
In November 2024, the Fifth Circuit Court ruled that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on the mixing service Tornado Cash violated the International Emergency Economic Powers Act (IEEPA). The Fifth Circuit Court held that the smart contract of Tornado Cash is decentralized, self-operating, and uncontrollable code that cannot be owned, is not property, and should not be included in the OFAC sanctions list, and that OFAC's sanctions exceeded its statutory authority.
Although the Fifth Circuit Court's ruling on the Tornado Cash case is seen as a victory for the crypto industry, the undeniable fact is that North Korean hackers and coin theft criminal organizations are indeed using Tornado Cash for money laundering to evade regulatory enforcement sanctions. So, can we ensure on-chain privacy for crypto users under the premise of legality and compliance in the crypto world? Today, I will share how the mixing protocol Railgun complies with regulations to protect user on-chain privacy.
In November 2024, the Fifth Circuit Court ruled that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on the mixing service Tornado Cash violated the International Emergency Economic Powers Act (IEEPA). The Fifth Circuit Court held that the smart contract of Tornado Cash is decentralized, self-operating, and uncontrollable code that cannot be owned, is not property, and should not be included in the OFAC sanctions list, and that OFAC's sanctions exceeded its statutory authority.
Although the Fifth Circuit Court's ruling on the Tornado Cash case is seen as a victory for the crypto industry, the undeniable fact is that North Korean hackers and coin theft criminal organizations are indeed using Tornado Cash for money laundering to evade regulatory enforcement sanctions. So, can we ensure on-chain privacy for crypto users under the premise of legality and compliance in the crypto world? Today, I will share how the mixing protocol Railgun complies with regulations to protect user on-chain privacy.
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🚨 NEW TIN: Vitalik Buterin just transferred 250 $ETH, equivalent to about $505,000, to the Railgun security protocol about 11 hours ago.
💡 This Ethereum mogul has once again stirred the community with his move to continue injecting money into Railgun - a well-known name for its cutting-edge security technology on the blockchain. According to Vietnam time, the transfer took place around 5-6 AM today, March 27, 2025. Railgun uses Privacy Pool technology with zk-SNARKs to conceal transaction identities, which Vitalik has praised as “normal and necessary” in the crypto world.
⁉️ This is not the first time Vitalik has gone big with Railgun - previously he has consistently deposited ETH here over the past year, totaling millions of dollars. People speculate this time could be another testing phase or preparation for some charity donation, similar to what he did with the Animal Welfare fund. But with this momentum, will Railgun explode into a new trend in the DeFi space, or is it just a light flex from a crypto enthusiast?
#railgun
💡 This Ethereum mogul has once again stirred the community with his move to continue injecting money into Railgun - a well-known name for its cutting-edge security technology on the blockchain. According to Vietnam time, the transfer took place around 5-6 AM today, March 27, 2025. Railgun uses Privacy Pool technology with zk-SNARKs to conceal transaction identities, which Vitalik has praised as “normal and necessary” in the crypto world.
⁉️ This is not the first time Vitalik has gone big with Railgun - previously he has consistently deposited ETH here over the past year, totaling millions of dollars. People speculate this time could be another testing phase or preparation for some charity donation, similar to what he did with the Animal Welfare fund. But with this momentum, will Railgun explode into a new trend in the DeFi space, or is it just a light flex from a crypto enthusiast?
#railgun
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❗️The CEO #Bybit reported that more than 28% of the funds ($380 million) stolen from the exchange can no longer be tracked.
The main tool for laundering was the crypto mixer Wasabi, as well as Tornado Cash and #Railgun . Some of the assets were converted by hackers through cross-chain platforms like #THORChain , eXch, #Lombard , LI FI, Stargate, and SunSwap. At the final stage of laundering, cybercriminals #LazarusGroup converted cryptocurrency into fiat through P2P and OTC platforms.
$ETH
$SUI
$ADA
The main tool for laundering was the crypto mixer Wasabi, as well as Tornado Cash and #Railgun . Some of the assets were converted by hackers through cross-chain platforms like #THORChain , eXch, #Lombard , LI FI, Stargate, and SunSwap. At the final stage of laundering, cybercriminals #LazarusGroup converted cryptocurrency into fiat through P2P and OTC platforms.
$ETH
$SUI
$ADA
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