{"id":16217,"date":"2024-08-19T16:43:31","date_gmt":"2024-08-19T13:43:31","guid":{"rendered":"https:\/\/forklog.com\/en\/vitalik-buterin-transfers-1-05-million-in-eth-to-railgun-mixer\/"},"modified":"2024-08-19T16:43:31","modified_gmt":"2024-08-19T13:43:31","slug":"vitalik-buterin-transfers-1-05-million-in-eth-to-railgun-mixer","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vitalik-buterin-transfers-1-05-million-in-eth-to-railgun-mixer\/","title":{"rendered":"Vitalik Buterin Transfers $1.05 Million in ETH to Railgun Mixer"},"content":{"rendered":"<p>Ethereum co-founder Vitalik Buterin has transferred 400 ETH, valued at $1.05 million, to the mixing service Railgun, as noted by SpotOnChain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Vitalik Buterin (<a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a>) just transferred another 400 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($1.05M) into the mixer <a href=\"https:\/\/twitter.com\/hashtag\/Railgun?src=hash&#038;ref_src=twsrc%5Etfw\">#Railgun<\/a>.<\/p>\n<p>Vitalik previously mentioned that Railgun is an effective way to safeguard user&#8217;s privacy ?<\/p>\n<p>And over the past 10 months, he has continuously transferred 662 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($1.91M) in\u2026 <a href=\"https:\/\/t.co\/YtfNBIjIEK\">https:\/\/t.co\/YtfNBIjIEK<\/a> <a href=\"https:\/\/t.co\/V7NUReaat9\">pic.twitter.com\/V7NUReaat9<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1825398787155939832?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Prior to this, the programmer likely conducted a test transaction of 1 ETH. These operations are confirmed by data from the platform <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/address\/0x1810c87a85B1d3AFf71F3bd7fe45e4dc03EFF10E\">Arkham Intelligence<\/a>.<\/p>\n<p>SpotOnChain experts noted that over the past 10 months, Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-utilizes-railgun-for-180-eth-transfer\">sent 662 ETH to Railgun<\/a>, totaling $1.91 million.<\/p>\n<p>In April, journalist Colin Wu, commenting on the Ethereum co-founder&#8217;s transactions, <a href=\"https:\/\/u1f987.com\/en\/news\/buterin-addresses-use-of-railgun-mixer\">highlighted<\/a> that the service is used by North Korean hackers Lazarus Group. In 2022, Elliptic specialists classified Railgun as a popular alternative to the US-sanctioned Tornado Cash protocol.<\/p>\n<p>Buterin responded to Wu, stating that &#8220;privacy is normal.&#8221;<\/p>\n<p>The protocol developer known as bill commented on SpotOnChain&#8217;s message:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;For future reference, it&#8217;s not accurate to call Railgun a mixer. It&#8217;s a private address system where tokens are controlled by a private key, like in any wallet.&#8221;<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Good job on the detailed explanation.<\/p>\n<p>For future ref, it&#8217;s not accurate to call Railgun a mixer. It&#8217;s a private address system and all tokens are private key controlled just like any other wallet.<\/p>\n<p>Privacy comes from using this address, not mixing or moving tokens. Here, Vitalik\u2026<\/p>\n<p>\u2014 bill ?\ufe0f? (@metamaskhe1p) <a href=\"https:\/\/twitter.com\/metamaskhe1p\/status\/1825438173977350637?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He emphasized that transaction privacy in the solution is achieved not through token mixing, but by the absence of public on-chain data.<\/p>\n<p>According to the dashboard on <a href=\"https:\/\/dune.com\/railgun_project\/railgun-dao\">Dune<\/a>, Railgun&#8217;s key metrics showed significant growth in April-May amid discussions of the protocol by Buterin. Weekly transaction volume peaked at $47 million. In the following months, the figure adjusted.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"626\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Railgun-DAO-Google-Chrome-1024x626.jpg\" alt=\"Railgun-DAO-Google-Chrome\" class=\"wp-image-239223\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Railgun-DAO-Google-Chrome-1024x626.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Railgun-DAO-Google-Chrome-300x183.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Railgun-DAO-Google-Chrome-768x469.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Railgun-DAO-Google-Chrome.jpg 1083w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Dune.<\/figcaption><\/figure>\n<p>Back on August 9, a wallet associated with Buterin moved 3000 ETH (~$7.9 million at the time). In October 2023, the programmer explained that any transfers from his addresses are &#8220;almost always some kind of donation.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum co-founder Vitalik Buterin has transferred 400 ETH, valued at $1.05 million, to the mixing service Railgun, as noted by SpotOnChain. Vitalik Buterin (@VitalikButerin) just transferred another 400 $ETH ($1.05M) into the mixer #Railgun. Vitalik previously mentioned that Railgun is an effective way to safeguard user&#8217;s privacy ? And over the past 10 months, he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1256,200],"class_list":["post-16217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-privacy-and-personal-data","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16217"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}