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Saturday, February 4, 2023

The Risks of a Telegram Crypto-Wallet

The Risks of a Telegram Crypto-Wallet Homeland Security Today

Last month, a federal judge in the U.S. District Court for the Southern District of New York ruled in favour of the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Telegram for failing to register its digital asset, Grams, with the SEC. This was a major blow to Telegram, which had hoped to create a new, preeminent crypto-wallet seamlessly integrated into its well-known and widely-used encrypted messaging application.

While proponents of cryptocurrencies rallied behind Telegram in the wake of the ruling, it is important not to overlook the potential risk posed by terrorists, extremists, and other criminal actors who already exploit Telegram’s messaging service in furtherance of their goals. Telegram’s encrypted messaging application provides these actors a secure way to communicate, disseminate propaganda, and share illegal content, among other services. Providing them a means to transfer and store money anonymously could prove a highly risky venture.

Read more at GNET

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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