According to Crypto Rover, Ethereum co-founder Vitalik Buterin has transferred 693.91 ETH (valued at $1.83 million) and $340,000 USDC to the privacy-focused Railgun project (source: Crypto Rover on Twitter, June 4, 2025). This substantial on-chain movement signals renewed attention to privacy protocols within the Ethereum ecosystem. Traders are closely monitoring the transfer for its potential impact on ETH and USDC liquidity, as well as for elevated interest in Railgun's token and privacy coin narratives. The move may drive short-term volatility in related altcoins and is seen as a notable signal for the DeFi privacy sector. Market participants should watch for increased trading volumes and price reactions in privacy-centric crypto assets following this development.

According to MistTrack_io, the RAILGUN Project team successfully identified funds originating from a malicious source. The scammer was unable to perform any further actions besides withdrawing the funds, which were then sent to the exchange Changenow.

According to MistTrack_io, the Railgun Project has been actively working to block malicious actors from using the Railgun contracts. Earlier today, suspected funds from a hack were sent to Railgun, but thanks to their proactive measures, these funds were successfully blocked.