Cripto privacy software refuses money stolen in Hack $ 9.5 million – DL News

Software that covers the crypto flow is the standard part of the hacker tool, allowing them to sell stolen assets.

That software just prevented the hacker.

Railgun Privacy Protocol returned to the transaction in which Hacker tried to cross almost $ 10 million stolen crypto BlickChain Records.

Perhaps the first real world victory for technology that was built to meet the two law enforcement agencies alarming the growing use of CipherPunks and sewers who created the first crypturars and were the earliest users.

This technology was first detailed in 2023. Years paper Author ethereum co-founder Vitalik Baterin and several other researchers.

Privacy Improvement Software was controversial in the CRIPTO. Proponents have long claimed that the block should become privacy if it will become the backbone of the new financial system – no one will completely transat completely “orchain” if it does, it has the potential to discover the entire history of its financial history.

But privacy protocols have proven to be popular in cybercrime, including hackers with relationships North Korea and his nuclear weapon program. They now have sanctioned Cripto “Mixer” Tornado Cash I accused One of its programmers with money laundering and sanctions, a case that has the potential to dramatically challenge the development of privacy software, in accordance with industrial groups.

Zgland, a protocol for borrowing and borrowing on the Stvkare block, suffered from $ 9.5 million, statements about CERPO security experts. The hacker transferred Cripto to Etherum Blocchain, and then tried to re-transfer it using Railgun, a protocol that allows users to break the chain of traceability between transactions in Blokschain.

This would allow hacker to continue moving the stolen crypto via Blockechain or to transfer it to exchange unnoticed, where it could be replaced for cash.

Instead, the railway refused a hacker request functionally.

This is because it uses a version of technology detailed in Baterin’s 2023 papers.

This technology enables honest users to create cryptographic evidence that shows their money – whose origin was kept secrets – did not come from wallet related to stolen means or other illegal activities.

“And if they are (abused), the only action that a bad actor can perform is to return to his address of origin,” Alan Scott said, co-founder of spectators DL News.

Pseudonimous Notes Official Customer Security Officer Called it with a solution that hit “perfect balance”.

“Avoid unnecessary attention and regulatory pressure, with respect for the basic principles of privacy,” he said DL News.

“After all, it wasn’t the rail of the money that he sent hacker. It was a hacker who couldn’t use the service and had to return his money back.”

Alex Gilbert is DL News“New York-Defi Reporter. You can contact him at alex@dlnews.com.