US Treasury announcements or major news outlets

Railgun Denies FBI Claims of North Korean Ethereum Laundering

Apr 17, 2024, 01:14 AM

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.