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

“Watershed” Moment: Is Gold Signaling Stocks Now On “Shaky Footing”?

By StevieRay Hansen

I rarely discuss financial markets these days. Although I pay attention, it’s not in the obsessive manner I did a decade ago. I mainly keep my…

Read More

COVID-Crunch? Fed Begins Rationing Coins As Americans Horde Cash

By StevieRay Hansen

Having closed the US Mint and halted production (blaming COVID-19)  after a surge in demand for gold and silver coins, and warned of the danger of using bills (once…

Read More

This Can Not Continue, “A Staggering Number”: Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP

By StevieRay Hansen

On Friday, we relayed the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short – namely…

Read More

HSBC Resuscitates 35,000 Job Cut Plan As Banking Troubles Persist

By StevieRay Hansen

Back in February, HSBC, Europe’s largest bank and troubled lender, announced a plan that would slash upwards of 35,000 jobs. Shortly after, the lender put restructuring plans on hold for…

Read More

Soaring Food & Energy Costs Spark Rebound In Producer Prices

By StevieRay Hansen

Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%… Source: Bloomberg…

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 *