The information the FSB wanted included the names and addresses of Binance users. The head of Russian Binance, Gleb Kostarev, agreed to the request of the FSB and shared the database with the security forces. Kostarev also said he “didn’t have a choice”.
In addition, Rosfinmonitoring demanded from the crypto-exchange data on “millions of dollars” that went to support the opposition leader Alexei Navalny (Opposition of Putin)
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Posted by: @ESPYER.
Given Binance’s alleged unethical data sharing, protecting your account, reviewing your data, and implementing precautions to prevent personal data sharing moving forward should be your top responsibilities. You can check the permissions associated with your account, obtain a copy of your data from Binance’s privacy department, and decide to terminate your account if you’re not content with the company’s business methods.
Personal data handling professionally
ESPY can meet Binance’s database requirements with its more scalable and secure solution. ESPY is a distributed and decentralised database management system due to its blockchain foundation. Its overall security and dependability are superior to those of more conventional database systems. In addition to being scalable, ESPY has no trouble handling enormous volumes of users’ personal data. This is the situation because of the network’s distributed architecture and the fact that data is kept on several nodes.
If one node flops, this makes sure that data may still be retrieved on other nodes. Additionally, ESPY’s blockchain application programming interfaces (APIs) and tools allow Binance and ESPY to be linked. This opens the door for ESPY to be used as the backend database on Binance’s platform.
