EncryptoTel weekly digest (18.11.19)

EncryptoTel
Nov 18 · 3 min read

Payment system from Facebook, Pavel Durov`s bitcoins and 5G vulnerabilities

Facebook revealed Facebook Pay online payment system for Instagram, Messenger and WhatsApp

The new payment system is in no way connected with the Libra cryptocurrency project and the Calibra online wallet and is being developed separately, Facebook notes.

Facebook Pay was launched last week, but not in a full format. So far, it is only available to US residents via Facebook and Messenger. It will also launch outside the United States, but the date is unknown.

“People are already making payments through our apps, make donations and send money to each other. Facebook Pay will simplify these transactions while continuing to protect payment data, ” Facebook said.

Pavel Durov lost more than 2000 bitcoins on the WEX crypto exchange

A database of WEX bitcoin exchange clients has appeared on the internet. The link to the archive is distributed mainly through political Telegram channels. In 2017, WEX Exchange committed itself to paying debts to users of the closed BTC-e crypto exchange, which the US authorities consider to be a platform for laundering billions of dollars stolen by cybercriminals. BTC-e suddenly went offline in June 2017. At the same time, the American authorities in Greece requested to arrest Alexander Vinnik, who is considered either the owner or administrator of BTC-e.

Pavel Durov was also discovered among other WEX users. The database contains email and a volume of assets. According to the database, Durov’s account was registered to his email address durov2005@gmail.com, which Durov also used while registering British Telegram companies. His account had 2070 bitcoins, which is about $ 18 million at the current rate.

Last week, the name of the mysterious owner of BTC-e and WEX, known as admin, was revealed. It turned out to be Alexei Bilyuchenko. According to his testimony in a criminal case in Russia, the missing assets of WEX users worth $ 450 million could fall into the hands of Russian special services.

Research: many vulnerabilities were discovered in 5G networks

Researchers from Iowa and Purdue universities were able to carry out a number of attacks on 5G as part of network security study. The attacks included location tracking, broadcasting false alarms, and disconnecting devices from the network.

In an article published on the basis of this research, the authors note that 5G protocol “does not have a formal specification and, therefore, is subject to double reading.” In addition, they argue that the current standard “often inaccurately formulate security and confidentiality requirements.”

Iran shuts down internet due to protests

Iran registered a massive Internet malfunction. On November 16, the largest Iranian operators MCI, Rightel and IranCell left their users without access to the network. There were interruptions in the work of mobile communications themselves, the NetBlocks service shows. The number of connections dropped to 7% of the normal level. Internet access was disabled. This primarily affected large cities such as Tehran, Shiraz and Mashhad.

On November 15, large-scale protests took place in Iran after the authorities decision to double up the gasoline price. During the protests, the building of the Central Bank of Iran in the Behbekhan was set on fire.

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