Railgun is built on Ethereum.
@RAILGUN_Project is a privacy system that enables shielded transfers and interactions with DeFi on Ethereum using zero-knowledge proofs.
It shows how privacy can exist on open, public infrastructure without sacrificing decentralization.
$1.8 million walked out the door as @MIM_Spell deprecated Cauldron contracts let anyone flip a flag and borrow uncollateralized MIM.
Three hacks, over $21 million lost, and the simplest exploit yet proves some magic tricks are deadly obvious.
Story below.