Bankster Crime

Exposing Fraud in the Banking System

Featured Story

By BanksterCrime Telegram Will Share User Data with Governments Following CEO’s Arrest
These adjustments follow the arrest of the app’s CEO, Pavel Durov, in France last month.

Changes to Telegram’s privacy restrictions were substantial on Monday.

In the event that the app detects possible illegal activity, it will now notify the appropriate authorities by sharing information such as the user's phone number and IP address.


The arrest of Pavel Durov, CEO of Telegram, in France last month prompted the modifications.

In a Monday post, Telegram CEO Pavel Durov said that the company had made substantial adjustments to its terms of service.

In accordance with the new privacy standards, Telegram will now provide judicial authorities with a user’s IP address and phone number in the event that criminal activity is being investigated.

After Bloomberg broke the news of the modifications, the value of Toncoin (TON), a cryptocurrency related to Telegram, fell by around 1%.

These alterations follow Durov’s arrest in France last month on charges that his firm enabled app abuse for illicit purposes, such as drug trafficking, CSAM distribution, and fraud.

In an app post following his arrest, the Russian-born individual stated, “establishing the right balance between privacy and security is not easy.” He also pledged adjustments. In a move aimed at preventing bots and scammers, Telegram disabled the ability to upload new media earlier this month.

The app had previously revealed that such information would only be shared in the event that a user was suspected of terrorism, but Monday’s developments make a clear break from that.

Russian authorities sought to ban Telegram in 2018, which prompted Durov to relocate to Europe. The software is among the most popular chat apps available. Though it is not turned on by default, Telegram does allow encrypted messaging.

The 39-year-old, who has consistently rejected the allegations, has been directed to remain in France until the investigation concludes. At this time, he is free on bond.

Loading

Don't Miss

3/7/24: Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing

By StevieRay Hansen

By Pam Martens and Russ Martens: On June 11, 2015, the Office of Financial Research (OFR) released a sobering report on how banks were reducing their requirements…

Read More

3/5/24: Watchdog, Better Markets, Investigates the Bank that Has Lost 65 Percent of Its Market Value in Two Months and Was Downgraded to Junk by Moody’s

By StevieRay Hansen

By Pam Martens and Russ Martens: The widely respected banking and Wall Street watchdog, Better Markets, has a new report out on the latest teetering bank holding…

Read More

3/4/24: Bank Failures Since 2009–The New Norm Banks Collapse

By StevieRay Hansen

Earlier in the year Silicon Valley Bank failed March 10 and then Signature Bank failed two days later, ending the unusual streak of more than…

Read More

2/3/24: Which Banks Are In Trouble In 2024?

By StevieRay Hansen

BanksterCrime: The worst banks in America of 2024 It’s important to keep in mind that even if a bank is featured here, that doesn’t mean…

Read More

3/1/24: The Fed Pretends to Send a Warning to Wall Street’s Mega Banks on Derivatives and Counterparty Risk

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: On Tuesday, the Vice Chair for Supervision at the Federal Reserve, Michael Barr, delivered a speech at a risk management…

Read More
Posted in

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *