The privacy protocol Railgun has been at the center of controversy following allegations from the U.S. FBI that North Korean hackers, specifically the Lazarus Group, used the platform to launder over $60 million worth of Ethereum stolen in June 2022. Despite these claims, Railgun has consistently denied any involvement with North Korean entities or any other U.S.-sanctioned individuals, asserting that their platform has not been used for such activities.
UPDATE: RAILGUN DENIES ALLEGATIONS OF BEING USED BY NORTH KOREA AND OTHER U.S.-SANCTIONED ENTITIES FOR CRYPTOCURRENCY LAUNDERING
Railgun refutes claims of North Korean laundering following price surge https://t.co/rItGr3X8Kn
Privacy protocol @RAILGUN_Project denies it’s been used by North Korea’s Lazarus Group. https://t.co/7BVxt8B1Ls
Privacy protocol Railgun denies claims of North Korean hackers or sanctioned individuals using the platform, despite earlier claims from the FBI https://t.co/JBQZLaArOU
The North Korean hacker group Lazarus Group is also a user of the coin mixer Railgun. In January 2023, the US FBI also stated that North Korean cyber attackers used Railgun to launder more than $60 million worth of Ethereum stolen in June 2022. Railgun is seen as the main… https://t.co/N6kjfnFZ4b