👉👉👉 #InfernoDrainer fails attempt to launder $ETH — ‘not welcome’ in #RAILGUN
Railgun Foils Inferno Drainer's Latest Laundering Attempt
Railgun's privacy protocol recently thwarted the Inferno Drainer's attempt to launder over 174 ETH (approx. $533,000). On July 9, Railgun blocked the laundering attempt and forced the funds back to the original wallet. Railgun's Private Proofs of Innocence (Private POI) system, activated in this instance, ensured that stolen tokens could only return to the attacker's address and not be processed through Railgun.
About Railgun:
- Founded: January 2021
- Technology: Uses zero-knowledge (ZK) cryptography to conceal transaction details and balances.
- Private POI System: Introduced in January 2023, it blocks tokens linked to malicious activities, requiring a ZK-proof to confirm clean funds.
Inferno Drainer:
- Activity: Stolen over $180 million from 189,000 victims since August 2023.
- Previous Claims: Earlier allegations of misuse by North Korean hackers and comparisons to sanctioned mixers like Tornado Cash have been defended by Ethereum co-founder #VitalikButerin , emphasizing the need for privacy in transactions.
Railgun's recent action underscores its commitment to maintaining the integrity of its privacy features against misuse.
Source - cointelegraph.com