Autor Cointelegraph By Ezra Reguerra

Don't click links: Crypto community responds to alleged Telegram ‘exposé’

Don't click links: Crypto community responds to alleged Telegram ‘exposé’

Uverejnil používateľ | jún 8, 2022 |

This week the crypto community’s attention was captured by an anonymous person who claimed that they will expose the misdeeds of prominent crypto influencers and top projects within the crypto space. The alleged whistleblower, going by the username “Adyingnobody” on Twitter, said that they will “tear a rift in the entire community” by releasing Telegram messages that they acquired through an allaged exploit in the messaging app. In a thread, they claimed to have evidence of illegal activities ranging from scams and rug pulls up to murder, theft and sexual assault. Due to the severity of the claims, the anonymous person caught the interest of the crypto Twitter, going from zero to 36,000 followers overnight. The Ethereum wallet address that the person put on his Twitter bio has also received 43 transactions which may be tips from those who wish to get a sneak peek at what they plan to expose. Despite the claims, concerned members of the community took to Twitter to remind others to be careful and vigilant while dealing with the alleged whistleblower. Twitter user Kapluie said that if we strip away their sensational claims, the bottom link is “download a zip file” and “sign a contract.” According to the Twitter user, this is a “hacky sounding thing” and recommended not to download files from any links. Related: Hacker tastes own medicine as community gets back stolen NFTsTwitter user Cryptonator1337 also mentioned that, while it’s possible that the claims are true, the community needs to be careful with any files coming from the anonymous account. They tweeted: One warning regarding @adyingnobody Not saying it is all bullshit, I don’t think so, but:If there are any publicly available downloads – wait a bit first and let others inspect it. It is not difficult to equip files with keyloggers or other malware/spyware.Stay safe!— CR1337 (@cryptonator1337) June 7, 2022Apart from the two, Twitter user Zugged also noted that there were no such exploits as Adyingnobody claimed, calling the act a “publicity stunt.” Zugged shared a link to a record of Telegram’s vulnerabilities and highlighted that there’s nothing similar to what Adyingnobody claims to have exploited. Telegram officially responded to the claims. The messanger announced that the act may be an attempt to “get users to download malware”:An anonymous account made a baseless claim that they were able to access the contents of private group chats on Telegram. No such vulnerability has ever been found. This is likely a hoax with the intent to get users to download malware.— Telegram Messenger (@telegram) June 7, 2022

Cointelegraph reached out to Adyingnobody and did not get a response.Meanwhile, social media is being blamed for crypto scam losses amounting to $1 billion in 2021. Almost half of those who reported being scammed mentioned that it began with advertisements, posts, or a message from a social media platform. This includes Instagram, Facebook, WhatsApp and Telegram.

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Binance fires back at Reuters’ money laundering allegations

Binance fires back at Reuters’ money laundering allegations

Uverejnil používateľ | jún 7, 2022 |

Crypto exchange Binance published a lengthy response to an article published by Reuters that claims that the exchange has been a “hub for hackers, fraudsters and drug traffickers,” saying that there’s at least “$2.35 billion in illicit funds” laundered within the exchange. In a blog post, Binance addressed the issue and noted that the article’s allegations are not only untrue but are also attempts by certain interested parties to “mislead the general public” by spreading disinformation. Binance wrote: “We highly suggest you ignore those authors and pundits who cherry-pick data, rely on conveniently unverifiable “leaks” from regulators, and feed into the cult of crypto paranoia for fame or financial gain. Instead, just look at the facts.” The exchange also pointed out that traditional finance platforms are more tainted with illicit funds than crypto, which is transparent in nature. Moreover, the exchange cited statistics from the United Nations that 2%–5% of fiat money is associated with illicit activities. Lastly, within the blog post, Binance published its email correspondence with Reuters. This includes Binance’s complete responses to Reuter’s inquiries before it published the article that criticized Binance. Related: Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoptionOn Monday, Reuters published a special report claiming that the Binance exchange is involved in money laundering involving illicit funds in the billion. From investment fraud and darknet dealings to weak Know Your Customer (KYC) and Anti-Money Laundering protections, the media outlet laid down its critique of the exchange. Back in February, the exchange also faced an investigation from the United States Securities and Exchange Commission (SEC) over the exchange’s relationship with market-making firms Sigma Chain AG and Merit Peak, which engage in the buying and selling of digital assets on the Binance.US exchange.

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FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

Uverejnil používateľ | jún 7, 2022 |

Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will onboard new staff just as they have done on the market’s better days. Bankman-Fried noted that in February the company slowed down hiring. However, he said that this is not due to a lack of funds. The move was done to make sure that team members can have enough time to properly mentor new employees before adding more.13) A lot of reporters have reached out asking if we’re going to be scaling back.And our answer is the same as always:We’re going to keep pushing forward.— SBF (@SBF_FTX) June 6, 2022Criticizing hypergrowth companies, Bankman-Fried underscored that hiring more staff quickly doesn’t equate to a substantial increase in productivity. “Sometimes, the more you hire, the less you get done,” he said. He explained that this is because rapid growth can make it very difficult to keep all staff “on the same page.”Moreover, because FTX took its time and hired employees carefully since February, Bankman-Fried mentioned that the exchange can keep its hiring pace as it is “regardless of market conditions.” Related: FTX reportedly shopping for brokerages in preparation for stock tradingAt the start of June, crypto exchange Gemini laid off 10% of its employees. According to a notice from the exchange, the move was due to the current “crypto winter.” Apart from Gemini, Coinbase also decided to slow down hiring back in May. Back in 2018, the industry witnessed larger layoffs as the market went down. Crypto miner manufacturer Bitmain and crypto exchange Huobi confirmed that they fired employees amid the 2018 bear market. Apart from the two, blockchain company Consensys reportedly dropped around 60% of its staff before announcing the hiring of 600 employees in 2022.

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New York's push to ban crypto mining triggers response from community

New York's push to ban crypto mining triggers response from community

Uverejnil používateľ | jún 6, 2022 |

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions” at all. According to Chervinsky, a mining ban will only push miners away from New York to building in other areas where the state has no influence over them. Chervinsky hopes that New York Governor Kathy Hochul will veto the bill “for the sake of New York.” The lawyer noted that the move sends a message that “crypto is not welcome” in the state. If the bill gets implemented, Chervinsky mentioned that it will be a policy error from the world’s financial capital. Apart from Chervinsky, United States senatorial candidate Bruce Fenton also opposed the move. In a tweet, he said that governments do not have the right to control which software people should run. He noted that “code is speech,” implying that the ban is a move against freedom of speech. Ethereum founder Vitalik Buterin also agreed with Fenton. Sharing his thoughts on the issue, Buterin said that the government should not choose which applications are “okay” uses of electricity. He suggested the implementation of carbon pricing and using the earnings to compensate users with low income. Ultimately I agree with this (that is, I oppose banning PoW). The government picking and choosing which specific applications are an okay use of electricity or not is a bad idea. Better to just implement carbon pricing, and use some of the revenues to compensate low-income users. https://t.co/NnBzmv5mYz— vitalik.eth (@VitalikButerin) June 4, 2022On June 3, the bill to ban PoW mining was approved by the New York State Senate. If approved by the governor, the bill will ban mining in the state and would hinder the renewal of previously-approved mining permits. Related: Eager to work: Bitcoin switch to proof-of-stake remains unlikelyAmid the push to ban mining, the New York Attorney General Letitia James warned New Yorkers against investing in crypto. In an investor alert, James highlighted that many are “losing billions” in cryptocurrencies, highlighting that even prominent projects could crash.

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Remote roles in blockchain offer flexibility for women: Alien Worlds co-founder

Remote roles in blockchain offer flexibility for women: Alien Worlds co-founder

Uverejnil používateľ | jún 6, 2022 |

Saro McKenna, the co-founder of nonfungible token game Alien Worlds and CEO of blockchain consulting firm Dacoco, shared perspectives and personal experiences regarding inclusivity within the blockchain industry in an interview with Cointelegraph. Having experienced other male-dominated industries, McKenna shared how she believes that communities within the blockchain industry are “extremely diverse.” She explained that the people working in blockchain are from various backgrounds, and because of this, they offer “unique perspectives and interests.” She also noted that the space gives women who are primary caretakers of their children the opportunity to push their careers forward because of remote opportunities. She explained: “Given women still tend to be the primary caretakers when they have children, this added flexibility means their careers might not take the hit to seniority that women’s careers sometimes suffer after they take time out to have children.”McKenna also said that the space empowers skilled workers who are not as confident or extroverted. According to McKenna, most blockchain projects place more emphasis on skills and merit. This results in the opportunity for those who are shy or introverted to “have their work speak for them.”“Because so much emphasis is placed on skills and merit in the blockchain space, I actually think that the barriers to entry are lower,” she said. However, there’s also the challenge of “mustering the courage to throw yourself in.” Despite this, the executive encouraged people and said that the space is “super welcoming.”When asked about her thoughts on the Metaverse, McKenna said that she believes that the community should double down on efforts to make it a safe space for women and children. Despite the physical safety, the metaverse has its own share of risks. She said: “The Metaverse is a social environment where people can obscure their real-world identities, it’s an environment where women and children have to be especially safeguarded.” McKenna also expressed her belief that innovation should still focus on “what really matters,” which is the people. Related: Sculptor aims to use the Fearless Girl statue to empower women in cryptoMeanwhile, billionaire Bitcoin (BTC) investor Tim Draper recently said that women may drive the BTC price up in the next bull run. In a podcast, the billionaire expressed his thoughts on how the acceptance of BTC as a payment method may push adoption among women.

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