In a riveting turn of events, following Ethereum co-founder Vitalik Buterin’s vital support to the coin mixer Railgun, a tidal wave of speculations birthed surrounding the DeFi platform’s future venture as North Korea’s Lazarus Group, a cyberhacker group, was reported to be using the platform for conducting illicit activities. This poses a significant threat to the coin mixer’s future despite Buterin’s recent vital support to the project.
Meanwhile, it’s worth noting that the platform’s native token, RAIL, showcased gains of over 100% following the Ethereum co-founder’s endorsement of Railgun. However, the token still poses risks of a substantial price fall ahead, stemming primarily from its ties to the outlaw crew mentioned above.
Lazarus Group’s Ties To Railgun
As confirmed by the FBI, the Lazarus Group, a hacker group that some say is run by North Korea’s government, was behind the June 2022 hack of Harmony’s Horizon Bridge, a cross-chain bridge service. The
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