MetaMask Developers Under Fire For Collecting Wallet User Data

GM Readers!📪 It's BitDegree Insider, and here's what we gotta talk about today.

⭐️Today's selection:

• 🦊MetaMask Users' IPs Collected?
• 🤦‍♀️SBF Will Speak At a High-Profile Event
• 🧠Quiz Thursday
• 👌Selected Meme of The Day
• 📰Bite-Sized News

CONSENSYS COLLECTS METAMASK USERS' IP ADDRESSES

Blockchain software technology ConsenSys is a big name in the game.

You see, they created MetaMask, one of the world's most popular crypto wallets. It has over 30 million users.

But this time ConsenSys is under fire. By the very same MetaMask users.

Everything began with ConsenSys announcing an update to its privacy policy.

Apparently, the blockchain firm is now collecting IP addresses (and other wallet info) of those users who access MetaMask via Infura (blockchain infrastructure provider).

Infura is owned by ConsenSys, just like MetaMask is. So how and why do they do that?

When someone makes a transaction via MetaMask, the transaction gets defaulted to Infura, which then sends the transaction to the Ethereum blockchain.

This procedure constitutes something known as Remote Call Procedure Service (RPC).

But Infura is not the only one, there are alternative RPC providers. So, if users accessed MetaMask with RPC alternatives, the data would not be collected.

The bottom line here is simple. Such practice contradicts the very fundamental tenets of blockchain and DeFi ethos.

A blockchain company collecting on-chain, and off-chain data. That's a scandal.

TL;DR: ConsenSys, the developers of MetaMask, have updated their privacy policy. Now they're collecting users' IP addresses via Infura.

SBF CASUALLY CONTINUES GIVING TALKS

Sam Bankmam-Fried, the captain of the sunken FTX ship continues living like no tomorrow.

He's about to speak at a conference hosted by The New York Times on November 30. It's called the DealBook Summit.

He even tweeted about this himself, as if nothing happened and that's what people want to hear from him:

Among the guest speakers, you can find such names as Ben Affleck, Mike Pence, President Volodymyr Zelensky, Mark Zuckerberg, and many others.

What kind of meet up is this?

When this superstar lineup was announced, SBF was presented as 'CEO, FTX'.

After everything went downhill, they changed the poster, with SBF now being presented as 'Founder, FTX'.

Nevertheless, this sends ominous signals.

Why is he still invited?

Why are they giving him the platform to talk alongside such A-Listers? This sends out a message that the FTX failure wasn't a financial crime.

Or that it wasn't even a failure. It makes the whole FTX debacle look like a lesson that we can learn from and hug each other afterwards.

Oh, and by the way, the price if you want to attend this thing, is $2,499. So if you didn't lose anything, it's your opportunity to just throw your money out consensually.

Well, obviously, the community is not impressed with this. Here are some tweets about this charade.

And, finally, some wisdom from the wise:

TL;DR: SBF is about to attend a high-profile conference as a speaker. This caused a furore in the crypto community since people don't understand how is this possible.

QUIZ THURSDAY

It's time to scratch that brain of yours. Here's a quick challenge for you.

Just take a closer look, and you'll know it. Be sure to tune in tomorrow to see what was the right answer!

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Bank of Japan to Launch CBDC Issuance Pilot with Country's Megabanks. Something new rises in the Land of the Rising Sun.
• Sam Bankman-Fried Sent an Apology Letter to Former FTX Employees. Real life imitates South Park.
• New South Wales Police Warns Public About Fake Bitcoin Paper Wallets. You can't trust anyone these days.
• CrossTower is Looking to Acquire Other Crypto Companies Besides Voyager Digital. CrossTower towering over new targets.
• Russia is Reportedly Looking to Launch a National Crypto Exchange. Is this what you do when affected by global sanctions?