Name
Vitalik Buterin Breaks Silence on zkLend Exploit, Flaunts Railgun
Description
Vitalik Buterin, Ethereum cofounder, has dropped a notable reaction to the recent $9.5 million exploit that zkLend suffered on the Starknet network. Buterin's update also shared insights into the workings of Railgun, a mechanism meant to address concerns about criminal activities in Web3.
Publish date
12:00am, Thursday, February 13, 2025
Referenced by
Vitalik Buterin recognized privacy-focused Railgun project
Crypto news
News story
Vitalik Buterin, Ethereum cofounder, has dropped a notable reaction to the recent $9.5 million exploit that zkLend suffered on the Starknet network. Buterin's update also shared insights into the workings of Railgun, a mechanism meant to address concerns about criminal activities in Web3.
Crypto news
Quote
Buterin says the Railgun is a privacy pool mechanism that would facilitate private transactions on Ethereum. However, it would not allow illicit funds to benefit from its anonymity. For clarification, Railgun allows users to make confidential transactions using zero-knowledge proofs (ZKPs). This allows users to make fund deposits into Railgun and withdraw privately later. Read more on U.Today https://u.today/vitalik-buterin-breaks-silence-on-zklend-exploit-flaunts-railgun
Crypto news
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