Celsius Network’s bungling showed why centralization can’t protect privacy
Celsius’ bankruptcy proceedings resulted in 14,000 pages of customer data leaking to the public. The incident displayed the pitfalls of centralized finance. In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent — a prescient reminder that privacy absent decentralization is no privacy at all.As part of its bankruptcy proceedings, CeFi lending giant Celsius Network disclosed names and on-chain transaction data of tens of thousands of its customers....
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In this day and age online privacy and protecting digital data is a pretty big deal. Privacy applies to bitcoin users even more so because they are storing wealth in the digital realm. Governments, hackers, and non-state actors are compromising global citizens private data daily, but there are many steps one can take to protect oneself. Currently, the....
Promoted: Bitcoin mixers help users obscure their transaction histories and protect their identities. The post How Bitcoin Mixers Help Protect Privacy appeared first on Bitcoin Magazine.
Failed crypto lender Celsius Network has received bankruptcy court approval for its plan to transform into a creditor-owned Bitcoin mining firm, as reported by Bloomberg. The approval is part of a wider proposal aimed at repaying customers who have frozen their accounts for over a year. Celsius Network’s Path To Recovery US Bankruptcy Judge Martin […]
In the world of technology, there has always been a huge debate going on regarding consumer privacy policies. Ever since the Internet came around, regulators have been struggling to keep up with privacy policy adoption, and that gap is going only growing larger now that technology is evolving at an accelerated pace. During the CES 2016 interview, heads of two cybersecurity regulation agencies stated how tech companies need to be more vigilant regarding personal information protection. There is no denying something has to change if companies and governments want to properly protect consumer....
The popular crypto spot and derivatives exchange, OKEx continues to champion the DeFi revolution by supporting some of the leading projects in the space. Celsius Network is the latest to join the list after OKEx announced support for the platform’s native CEL utility token. The CEL token listing on OKEx is followed by the launch […]