Internet Security

Whistleblower Chelsea Manning to Conduct a Security Audit of Nym Privacy System

Share this article The whistleblower exposing U.S. military war crimes in Iraq and Afghanistan is conducting a security audit on this full-stack privacy infrastructure. Chelsea Manning Joins Nym Former U.S. army soldier Chelsea Manning has joined Nym to security audit their cutting-edge code to prevent mass surveillance. The audit will be completed before the network…

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The whistleblower exposing U.S. military war crimes in Iraq and Afghanistan is conducting a security audit on this full-stack privacy infrastructure.

Chelsea Manning Joins Nym

Former U.S. army soldier Chelsea Manning has joined Nym to security audit their cutting-edge code to prevent mass surveillance. The audit will be completed before the network hits “mainnet” later in the year.

The Nym team is thrilled to have her join as a security consultant to audit the code of Nym for security and privacy flaws. While most security auditors do not know what is at stake in a software bug that can harm privacy and security, Manning is keenly aware that secure software can lead to life-or-death consequences. Manning was imprisoned in the U.S. for nearly seven years for leaking documentation from military operations in Iraq and Afghanistan, including the targeting of civilians, before being pardoned by Barack Obama. Harry Halpin, the CEO of Nym, said of Manning’s move:

“While trusting software with their money is one thing people are learning to do with Bitcoin and DeFi, brave whistleblowers and revolutionaries like Chelsea Manning have to trust software with their lives. So rather than “YOLO” and launch as only to wreck their users, we’re working with the best people alive to keep our users safe and secure. While all software has bugs, people that launch software that endangers their users or doesn’t even work are scammers that could even have blood on their hands.”

While Manning is well-known as a whistleblower, what is not so well-known is that she is a talented security and privacy engineer. While most security audits focus only on cryptography, cryptographic bugs are only half the battle for privacy. “Traffic analysis, not cryptanalysis, is the backbone of communications intelligence”, as stated by the founder of public key cryptography Whitfield Diffie and privacy expert Susan Landau in their book Privacy on the Line.

Yet no security audits deal with the kinds of powerful traffic analysis attacks that Nym is meant to prevent. Chelsea Manning states:

“As methods for network traffic analysis have dramatically improved in the last decade, I have frequently called for research (since 2016) into alternative methods to Tor that avoid exposing the data within the network to such analysis. Nym is one such viable alternative worthy of research, and developmental implementation.”

Manning is uniquely qualified to understand how powerful, even nation-state, adversaries can attack Nym users due to her own background in signals intelligence and her personal experiences with repression. Working with other more traditional security auditors, Manning’s mission over the coming months is to help Nym resist surveillance via discovering new privacy leaks and setting parameters for cover traffic. Cover traffic is “fake traffic” that can confuse an adversary like a malicious Internet service provider or mobile phone company and is sent by Nym but not by Tor or VPNs. Harry Halpin continues:

“We’d be happy to have her stay on after the audit in whatever form she wants, but right now we need everyone laser-focused on securing our code.”

Privacy has since been making a massive comeback, through user demand (private messaging app Signal had over 100 million downloads in May 2021) and through new regulation (exemplified in the European GDPR). So far, Nym is one of the only privacy systems promising metadata protection at the network layer. Nym’s mission is to make privacy an integral part of Web3. As the recent Pegasus leaks reveal, privacy is under constant attack, posing life-threatening dangers to journalists, activists, and citizens alike who become vulnerable targets.

Nym is an open-source, decentralized, permissionless, and incentivized system providing full-stack privacy. It enables developers to build applications that provide users with strong guarantees against metadata surveillance, at both the level of network traffic (mixnet), and the level of authentication and payments (credentials). Nym’s team is composed of leading research scientists and developers at the world-class universities Massachusetts Institute of Technology, KU Leuven, and University College London.

For more information, contact Jaya Klara Brekke at [email protected]

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Internet Security

US probe into Binance reportedly expands to investigate insider trading

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like…

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like the location of Binance servers (and thus whether the US can pursue any cases).The commission had previously launched an investigation into the sales of derivatives tied to cryptocurrencies. It’s reportedly looking for internal Binance data that might show sales of those derivatives to American customers, breaking regulations that forbid those sales without registrations. The Internal Revenue Service and Justice Department are also probing possible money laundering on the exchange.There are no guarantees of action. The CFTC and Justice Department have supposedly been investigating Binance for months, and any decisions might take a while longer.Not surprisingly, Binance said it was above-board. A spokesperson told Bloomberg the exchange had a “zero-tolerance” approach to insider trades as well as ethical codes and security guidelines to prevent those actions. The company added that it fires offenders at a bare minimum. The CFTC has declined to comment.The heightened scrutiny of Binance, if accurate, would come as part of a larger US crackdown on cryptocurrencies. Officials are concerned the lack of consumer protections (including regulation) might hurt customers who sign up for services expecting the same safeguards they have with conventional money. In this case, the focus is on accountability — insider trading could wreck valuable investments and erode trust in Binance and other crypto exchanges.
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Internet Security

How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts.…

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts. […]
The post How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum appeared first on Altcoin Buzz.
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Internet Security

Cyber arms dealer exploits new Apple iPhone software vulnerability; affects most versions – researchers

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX,…

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX, […]
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Internet Security

Authorities To Imprison A Man From Ohio For Defrauding $30 Million In A Cryptocurrency Scam

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth…

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth Of Millions Michael Ackerman planned and executed a cryptocurrency scam in 2017. This scheme promised to pay investors 15% on their investments every month. Even though the benefits were too dubious and impossible, many investors rushed in to utilize the opportunity. The scam was called the “Q3 Trading Club,” a fund that used investor’s money to make the supposed profits to be shared as returns. On September 8, 2021, a US attorney, Audrey Strauss from the New York Southern District, announced that Ackerman had pleaded guilty to the charges. According to Strauss, the man agreed to have caused the victims to lose above $30 million in cryptocurrency assets. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course In the announcement, the attorney stressed that Arkerman agreed to have used his fake crypto scheme to steal millions from investors with the promise of 15% monthly returns. In addition, Strauss also disclosed that Michael Ackerman used fake documents to deceive the investors. His balances showed more than $315 million in the fund. But the reality was just a little above $5 million from the DoJ’s discoveries. The attorney also revealed that Ackerman stole investors’ money amounting to $9 million just to continue his lavish lifestyle. The man spent a lot of money on vehicles, real estate, personal security, traveling, and jewelry. Michael Ackerman Agrees To Pay The announcement also stated that Michael Ackerman has pleaded guilty to wire fraud. He agreed to pay back $30 million and forfeit at least $36 million in real estate, jewelry, cash which he acquired fraudulently. As for now, the sentencing will take place on January 5th, 2022. The first charges came from the SEC in 2020. The crime was the violation of securities laws by Michael Ackerman. Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan The reports then showed that he used a private group that he created on Facebook to target physicians. The group was called “Physicians Dad’s Group,” and the SEC discovered his fraudulent intent. Michael Ackerman has never worked as an institutional broker in the New York Stock Exchange. Instead, he was operating as one of three scammers, including James, a Wells Fargo financial advisor, and another member, a surgeon called Quan Tran. In 2020 April, the victims of the incident sued Fargo for not investigating its employee. Featured Image From Pixabay
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