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Why Web3 Exchanges Must Prioritize Security, Privacy, and Fairness to Retain Users

 

In the evolving Web3 landscape, a platform’s survival hinges on its ability to meet community expectations. If users perceive an exchange as unfair, insecure, or intrusive, they’ll swiftly move on. This includes any doubts about the platform’s transparency, ability to safeguard user data, or deliver features that users value.  

The challenge lies in balancing ideal user experience with realistic limitations. While complete invulnerability isn’t feasible, exchanges must adopt rigorous security protocols that align with industry best practices. Beyond technical defenses, they must also enforce strict data privacy policies and ensure customer funds remain entirely under user control. 

So, how can an exchange rise to these expectations without compromising service quality? The key lies in maintaining equilibrium between protection and functionality. A robust exchange must operate with enterprise-level security, including encryption at a high standard. Since smart contract flaws can remain hidden for long periods, it’s essential that platforms perform internal and third-party audits. 

Security firms and penetration testers, like red teams, simulate cyberattacks to expose and address weaknesses before attackers can exploit them. Users evaluating exchanges should consider not just the presence of encryption but also whether the platform uses external experts to continuously test its defenses. In handling funds, exchanges must mitigate risks such as consensus failures and ensure their infrastructure can validate and process inter-chain transactions securely. 

However, these protective measures shouldn’t come at the cost of speed or efficiency. Metrics such as transactions per second (TPS), consensus time, and finality should remain optimized for a seamless experience. Equally important is protecting user privacy. Web3 users face threats ranging from data leaks and surveillance to the misuse of trading data by advanced bots. 

These issues demand concrete actions—not vague assurances. Transparent privacy policies and secure data practices are essential. Enclave Markets has set an example in privacy-focused trading. Their off-chain enclave prevents malicious actors from seeing trade activity, effectively eliminating front-running and ensuring fair execution with zero spread and no slippage.  

Another often overlooked area is fairness in reward programs. Many exchanges structure incentives in ways that disproportionately benefit bots or large-scale traders. Enclave Markets addresses this with a more balanced rewards system that favors genuine users over manipulators. Their recently introduced EdgeBot allows users to track and trade tokens directly within Telegram, minimizing friction and response time. 

This type of intuitive innovation reflects a deep understanding of user needs. Ultimately, users must take responsibility to verify if a platform truly upholds the principles of fairness, security, and privacy. These aren’t optional features—they’re the foundation of any trustworthy Web3 exchange.

T-Mobile Denies Involvement After Hackers Claim Massive Customer Data Breach

 

T-Mobile is once again in the cybersecurity spotlight after a hacking group claimed to have obtained sensitive personal information belonging to 64 million customers. The hackers alleged the data was freshly taken as of June 1, 2025, and listed their find on a well-known dark web forum popular among cybercriminals and data traders.  

The leaked trove reportedly contains highly personal information, including full names, birthdates, tax identification numbers, addresses, contact details, device and cookie IDs, and IP addresses. Such data can be extremely valuable to cybercriminals for fraud, identity theft, or phishing attacks. Cybernews, which analyzed a sample of the data, confirmed its sensitive nature, raising alarm over the scale and potential damage of the breach.  

Yet, T-Mobile has come forward to strongly deny any connection to the alleged hack. In a statement to The Mobile Report, the telecom company asserted that the leaked data does not belong to T-Mobile or any of its customers. “Any reports of a T-Mobile data breach are inaccurate. We have reviewed the sample data provided and can confirm the data does not relate to T-Mobile or our customers,” the company stated. 

Despite T-Mobile’s denial, cybersecurity analysts remain cautious. Cybernews pointed out that portions of the leaked data mirror details from previous breaches that targeted T-Mobile, suggesting there may be some overlap with older incidents. This has sparked speculation that the latest claim may not be based on a new breach, but rather a repackaging of previously stolen information to create hype or confusion. 

Adding to the uncertainty, Have I Been Pwned—a trusted platform used to monitor data breaches—has yet to list the supposed breach, which could support the theory that the leaked data is not new. Still, the situation has left many T-Mobile customers in limbo, unsure whether their data has truly been compromised again. 

If the claims prove to be true, it would be another in a series of cybersecurity setbacks for T-Mobile. The company only recently began issuing compensation checks related to its 2021 data breach, suggesting that resolution in such matters can take years. 

For now, the legitimacy of this latest breach remains unclear. Until further evidence surfaces or an independent investigation confirms or refutes the claims, customers are advised to remain vigilant and monitor their accounts for any unusual activity.

Telegram’s Alleged Ties to Russian Intelligence Raise Global Surveillance Fears

 

A new investigation by Russian media outlet Important Stories, in collaboration with the Organized Crime and Corruption Reporting Project (OCCRP), has sparked fresh scrutiny over Telegram’s connections to Russia’s intelligence services. The popular messaging platform, long regarded for its privacy features, may have indirect links to the Russian Federal Security Service (FSB), raising significant concerns for users worldwide.

At the center of the probe is a company called Global Network Management (GNM), which plays a critical role in routing Telegram’s messages. Although GNM is officially incorporated in the Caribbean nation of Antigua and Barbuda, it operates primarily from Russia. Its owner, Vladimir Vedeneev, is a Russian engineer with long-standing ties to Telegram founder Pavel Durov. Legal filings show that Vedeneev is the only individual authorized to manage certain Telegram servers, including those based in the U.S. 

Vedeneev also runs other firms—such as Globalnet and Electrontelecom—that reportedly supply telecommunications infrastructure to various Russian state entities, including the FSB. These companies have been linked to classified government projects involving surveillance and defense. 

The IP addresses used by Telegram used to be owned by Russian firms with FSB affiliations. These IPs still appear to be registered in Russia, and might be responsible for allowing user activity to be traced back through Russian-controlled networks. Telegram users typically rely on regular cloud chats, which—unlike its secret chats—are not end-to-end encrypted and are stored on Telegram’s servers. Security analysts warn that if Vedeneev’s companies manage routing systems and network infrastructure, they could potentially access user metadata, including IP addresses, device IDs, and location data. 

Though message content may remain encrypted, this metadata could still be exploited for surveillance. Moreover, Telegram transmits unique device identifiers in an unencrypted format, creating additional vulnerability. Experts caution that Russian intelligence could leverage this data to monitor users, particularly dissidents, journalists, or foreign nationals viewed as threats. Telegram has refuted the claims, stating that it has no employees or servers in Russia and that its infrastructure remains fully under the control of its internal teams. 

The company maintains that no third party, including vendors, can access confidential user data or systems. However, Telegram has yet to directly address the investigation’s core claims regarding GNM, Vedeneev, or the related infrastructure providers. The platform also hasn’t explained how it protects users if server operators have potential intelligence ties or why certain data is still sent without encryption. 

The issue is especially relevant in Ukraine, where Telegram has over 10 million users and is a major source of news and official communication. While President Volodymyr Zelensky’s administration uses the app for public updates, growing concerns around disinformation and espionage have prompted discussions about its continued use. 

As the investigation raises critical questions about the app’s security, the broader implications for global digital privacy and national security remain in sharp focus.

Zero-Day Flaw in Chrome and Chromium Puts Windows and Linux Users at Data Risk

 

A newly revealed zero-day vulnerability identified as CVE-2025-4664 has triggered serious concerns for billions of Google Chrome and Chromium users. Security experts have warned that this flaw, which affects both Windows and Linux platforms, could be exploited to leak sensitive cross-origin data such as OAuth tokens and session identifiers—all without requiring any user action.  

The vulnerability has been discovered within the Loader component of Chrome and Chromium browsers. It is linked to how these browsers interpret the Link HTTP header for sub-resource requests such as images or scripts. While most mainstream browsers follow strict guidelines for handling such requests, Chrome’s unique behavior stands out. It continues to respect the referrer-policy directive even when loading sub-resources, which can unintentionally expose sensitive information. 

This default behavior can be manipulated by attackers. A malicious site could inject a loose policy like “unsafe-url,” which then forces the browser to reveal complete URLs—including potentially sensitive credentials or session data—to third-party servers. This results in a severe breach of user privacy and circumvents traditional browser security measures. Cybersecurity firm Wazuh has stated that their Vulnerability Detection module can identify and address this specific flaw. 

The module leverages information from their Cyber Threat Intelligence (CTI) service to monitor browser versions and trigger alerts when vulnerable builds are detected. In controlled testing using Wazuh OVA 4.12.0, researchers were able to scan systems running Windows 11 and Debian 11 to determine if they were running affected versions of Chrome or Chromium. According to Wazuh’s platform, users can search for the vulnerability by querying CVE-2025-4664. If vulnerable software is found, the module changes the system status from “Active” to “Solved” after the necessary fixes are applied, helping administrators track progress in real time. 

In response to the discovery, Google has issued an emergency patch for Chrome users on Windows and Gentoo Linux. It is strongly recommended that users on these operating systems update their browsers immediately to avoid exposure. However, users on Debian 11 who rely on Chromium remain at risk, as no updated version has been released for that platform. All Chromium builds up to version 120.0.6099.224 are still considered vulnerable. Until a patch is available, security professionals advise uninstalling Chromium on affected Debian systems as a precautionary measure. 

While these immediate actions are important, experts caution that relying solely on browser updates is not a comprehensive defense. The broader cybersecurity strategy must include the use of endpoint protection platforms, anti-malware systems, and modern antivirus tools. These security layers can help detect and neutralize threats that slip past browser-based defenses and provide a stronger safety net for users and enterprises alike. 

As browser-based zero-day threats continue to emerge, users must remain vigilant. Rapid patching combined with proactive cybersecurity tools offers the best chance of mitigating risks and maintaining a secure browsing environment.

Massive Cyberattack Disrupts KiranaPro’s Operations, Erases Servers and User Data


KiranaPro, a voice-powered quick commerce startup connected with India’s Open Network for Digital Commerce (ONDC), has been hit by a devastating cyberattack that completely crippled its backend infrastructure. The breach, which occurred over the span of May 24–25, led to the deletion of key servers and customer data, effectively halting all order processing on the platform. Despite the app still being live, it is currently non-functional, unable to serve users or fulfill orders. 


Company CEO Deepak Ravindran confirmed the attack, revealing that both their Amazon Web Services (AWS) and GitHub systems had been compromised. As a result, all cloud-based virtual machines were erased, along with personally identifiable information such as customer names, payment details, and delivery addresses. The breach was only discovered on May 26, when the team found themselves locked out of AWS’s root account. Chief Technology Officer Saurav Kumar explained that while they retained access through IAM (Identity and Access Management), the primary cloud environment had already been dismantled. 

Investigations suggest that the initial access may have been gained through an account associated with a former team member, although the company has yet to confirm the source of the breach. To complicate matters, the team’s multi-factor authentication (MFA), powered by Google Authenticator, failed during recovery attempts—raising questions about whether the attackers had also tampered with MFA settings. 

Founded in late 2024, KiranaPro operates across 50 Indian cities and allows customers to order groceries from local kirana shops using voice commands in multiple languages including Hindi, Tamil, Malayalam, and English. Before the cyberattack, the platform served approximately 2,000 orders daily from a user base of over 55,000 and was preparing for a major rollout to double its footprint across 100 cities. 

Following the breach, KiranaPro has contacted GitHub for assistance in identifying IP addresses linked to the intrusion and has initiated legal action against ex-employees accused of withholding account credentials. However, no final evidence has been released to the public about the precise origin or nature of the attack. 

The startup, backed by notable investors such as Blume Ventures, Snow Leopard Ventures, and TurboStart, had recently made headlines for acquiring AR startup Likeo in a $1 million stock-based deal. High-profile individual investors include Olympic medalist P.V. Sindhu and Boston Consulting Group’s Vikas Taneja. 

Speaking recently to The Indian Dream Magazine, Ravindran had laid out ambitious plans to turn India’s millions of kirana stores into a tech-enabled delivery network powered by voice AI and ONDC. International expansion, starting with Dubai, was also on the horizon—plans now put on hold due to this security incident. 

This breach underscores how even tech-forward startups are vulnerable when cybersecurity governance doesn’t keep pace with scale. As KiranaPro works to recover, the incident serves as a wake-up call for cloud-native businesses managing sensitive data.

Google’s AI Virtual Try-On Tool Redefines Online Shopping Experience

 

At the latest Google I/O developers conference, the tech giant introduced an unexpected innovation in online shopping: an AI-powered virtual try-on tool. This new feature lets users upload a photo of themselves and see how clothing items would appear on their body. By merging the image of the user with that of the garment, Google’s custom-built image generation model creates a realistic simulation of the outfit on the individual. 

While the concept seems simple, the underlying AI technology is advanced. In a live demonstration, the tool appeared to function seamlessly. The feature is now available in the United States and is part of Google’s broader efforts to enhance the online shopping experience through AI integration. It’s particularly useful for people who often struggle to visualize how clothing will look on their body compared to how it appears on models.  

However, the rollout of this tool raised valid questions about user privacy. AI systems that involve personal images often come with concerns over data usage. Addressing these worries, a Google representative clarified that uploaded photos are used exclusively for the try-on experience. The images are not stored for AI training, are not shared with other services or third parties, and users can delete or update their photos at any time. This level of privacy protection is notable in an industry where user data is typically leveraged to improve algorithms. 

Given Google’s ongoing development of AI-driven tools, some expected the company to utilize this photo data for model training. Instead, the commitment to user privacy in this case suggests a more responsible approach. Virtual fitting technology isn’t entirely new. Retail and tech companies have been exploring similar ideas for years. Amazon, for instance, has experimented with AI tools in its fashion division. Google, however, claims its new tool offers a more in-depth understanding of diverse body types. 

During the presentation, Vidhya Srinivasan, Google’s VP of ads and commerce, emphasized the system’s goal of accommodating different shapes and sizes more effectively. Past AI image tools have faced criticism for lacking diversity and realism. It’s unclear whether Google’s new tool will be more reliable across the board. Nevertheless, their assurance that user images won’t be used to train models helps build trust. 

Although the virtual preview may not always perfectly reflect real-life appearances, this development points to a promising direction for AI in retail. If successful, it could improve customer satisfaction, reduce returns, and make online shopping a more personalized experience.

SK Telecom Malware Attack Exposes USIM Data in South Korea

 

SK Telecom, South Korea’s top mobile carrier, has disclosed a security incident involving a malware infection that exposed sensitive information tied to users’ Universal Subscriber Identity Modules (USIMs). The breach was detected on the night of April 19, 2025, during the weekend when many companies operate with reduced cybersecurity staffing. 

With nearly half of South Korea’s mobile market share and around 34 million subscribers, SK Telecom holds a crucial position in the country’s telecommunications sector. In an official statement, the company explained that malware had infiltrated parts of its network, prompting immediate action to contain the threat. 

The affected systems were isolated swiftly, and the malicious software was removed. So far, SK Telecom has stated there is no confirmed misuse of customer data linked to this breach. This was reported to the Korea Internet & Security Agency (KISA) on April 20, and to the Personal Information Protection Commission. 
Investigations are ongoing to determine how the attackers gained access and the extent of the data exposed. USIM cards store essential data such as International Mobile Subscriber Identity (IMSI) numbers, phone numbers (MSISDN), encryption keys for network authentication, and sometimes even stored contacts or text messages. Unauthorized access to this information could enable cybercriminals to conduct targeted surveillance, track users’ locations, or perform SIM-swapping attacks that could compromise online accounts and digital assets. 

In response, SK Telecom has strengthened security around USIM card management, increasing checks on SIM card replacement activities and monitoring authentication processes for suspicious behavior. Accounts showing irregular activities could face automatic suspension to prevent potential fraud. Additionally, the carrier is advising customers to activate their USIM protection service, a preventive measure that restricts unauthorized SIM swaps, adding extra protection to user accounts. 

A hacking group is yet to claim responsibility for the breach. SK Telecom emphasized that while the malware was neutralized quickly, they remain vigilant and are working closely with cybersecurity authorities to uncover more details about the intrusion and enhance future protections. 

This breach highlights ongoing risks faced by large mobile operators, especially during periods when cyber defenses might be less robust. It also underscores the critical need for mobile carriers to adopt continuous security monitoring and proactive measures to protect customer data from emerging threats. 

As investigations continue, SK Telecom has committed to updating customers and regulators about any new findings or developments related to the incident.

Europcar GitLab Breach Exposes Sensitive User Data and Configuration Files

 

A cybersecurity breach allegedly targeting Europcar has brought attention to vulnerabilities in corporate development platforms. A threat actor operating under the alias “Europcar” recently claimed on an underground forum that they had gained unauthorized access to the car rental giant’s GitLab repository, leading to the extraction of thousands of sensitive files. The attacker reportedly obtained over 9,000 SQL files and at least 269 .ENV files, which are commonly used to store application configuration settings, API keys, and other sensitive operational data. 

The scale of the breach raised concerns about the potential exposure of customer and internal company information. Europcar later confirmed the breach to BleepingComputer, clarifying that only a limited portion of its GitLab repository was compromised, and not the entire system as initially claimed. The company stated it is currently assessing the scope of the intrusion and is in the process of notifying affected users. Initial findings suggest that customer names and email addresses from affiliated brands such as Goldcar and Ubeeqo, generated between 2017 and 2020, may have been exposed. Importantly, payment data was not compromised in this incident. 

The Europcar data breach is believed to have been part of an extortion attempt, although it remains unclear whether any ransom was paid. The method used to access Europcar’s GitLab remains under investigation, but cybersecurity experts suspect phishing or infostealer malware as the most likely attack vectors. Credential theft through malware or social engineering continues to be a leading cause of repository leaks across industries.  

GitLab, a widely used platform for code collaboration and storage, is frequently targeted by cybercriminals. Attackers often exploit its popularity by spoofing repositories or distributing malicious packages. Developers are advised to exercise caution by verifying repository sources, reading user feedback, and implementing multi-layered security protocols. The GitLab repository leak highlights the broader issue of digital supply chain vulnerabilities. 

When attackers gain access to development environments, the consequences can include compromised applications, internal data leaks, and reputational damage. This incident reinforces the importance of robust cybersecurity hygiene, particularly for companies managing user-sensitive platforms. As Europcar continues to investigate the breach and tighten security protocols, the incident serves as another reminder of the growing sophistication of cyberattacks and the urgent need for proactive security measures.