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

S&P Futures Hit All Time Highs On Stimulus, Vaccine Hopes; Gold, Silver Tumble

By StevieRay Hansen

S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of an approved, if largely unclear,…

Read More

Nasdaq Tumbles Into Red, Erases Vaccine Spike As ‘Memo Meltdown’ Continues

By StevieRay Hansen

All major US equity indices spiked in the early hours overnight on the back of optimistic vaccine headlines from Russia. However, while Russell 2000 futures…

Read More

The Economy Is Mortally Wounded

By StevieRay Hansen

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which…

Read More

Morgan Stanley Sounds The Alarm On Record High Bond Duration, Is Starting To Buy Bond Volatility

By StevieRay Hansen

You Have More Duration than You Think 2020 has seen a pandemic inflict enormous human and economic cost. In 2Q, the global economy contracted by…

Read More

Another Bank Bailout Under Cover of a Virus

By StevieRay Hansen

Bulls Charge To All-Time Highs As discussed previously in “Insanely Stupid,” we noted the market remained confined to its consolidation channel, but the bullish bias was to…

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 *