Vitalik Buterin Uses Privacy Tool Railgun Again, Signaling Ongoing Embrace of On

Ethereum co-founder Vitalik Buterin transferred around $2.6 million in ETH and USDC through the privacy protocol Railgun on Wednesday, and the protocol's RAIL token rose 15% over the following 24 hours. The article says it is unclear how the funds were ultimately used, and that Buterin has not commented directly on the transfer. It notes this is not his first use of Railgun, as he moved approximately $500,000 through it in March. Railgun is described as a DeFi privacy toolkit that, unlike Tornado Cash, includes screening features to deter illegal transactions.