PANews reported on March 27 that according to on-chain analyst Ember, Ethereum co-founder Vitalik Buterin transferred 250 ETH (about $500,000) to the privacy protocol RAILGUN early this morning. Ethereum co-founder Vitalik Buterin has used the protocol to transfer funds many times before, and has said that most of these funds are used for charitable donations. RAILGUN supports on-chain privacy transactions, allowing users to manage assets without exposing their addresses.