🔒 Railgun's cryptocurrency privacy protocol successfully countered Inferno Drainer's attempt to launder stolen funds. The Private POI (Private Proof of Innocence) system blocked an attempt to launder more than 174 ETH (about $533,000). As a result, the attackers were forced to return the stolen ETH to the original Inferno wallet.
The Private POI system, launched in January 2023, uses cryptographic security to track transactions associated with fraudulent activities and block tokens from being processed through the protocol.
Inferno Drainer has stolen more than $180 million in cryptocurrency from more than 189,000 victims since its creation in August 2023.