A researcher at the Ethereum Foundation (EF) has revealed that the IP addresses of ETH stakers are being tracked in a wider set of metadata, prompting the crypto community to “flag” ethereum over privacy concerns.
in a interview On April 12th, on the Bankless Crypto podcast, EF researcher Justin Drake revealed that he learned this information from “insiders” — presumably at EF.
The metadata Drake mentioned is used to track many details:
“There are many things in the metadata, you can see the recharge address, withdrawal address, payee, IP address.”
Bankless host Ryan Sean Adams seemed taken aback by Drake’s comments.
Ethereum = 1984 chain
When you stake ETH, you can be tracked by your IP address, Justin Drake, a “researcher” at the Ethereum Foundation, said today.
He said he knew “inside” that such a database existed. pic.twitter.com/2V6DvTobL3
– Pledditor (@Pladditor) April 13, 2023
“Justin Drake, who works as a “researcher” at the Ethereum Foundation, said today that when you mortgage your ETH, you can be tracked by IP address. He said he get it Internal Information” about the existence of those databases”.
“So this is the Sybil Resistance dataset of the most active Ethereum community members?” Adam asked.
“Exactly,” Drake replied.
The conversation started when Drake predicted that a “special airdrop” might be for a single stakeholder rather than an industry heavyweight:
“You can identify who is Kraken, who is Coinbase, and if the intent is to airdrop to a specific individual running a single validator, you can’t airdrop them.”
The conversation caused a stir on Crypto Twitter.
One Twitter user called ETH a “true custodial coin,” while another ridicule Drake repeated sarcastically:
“We can stop censorship by censoring things we don’t like.”
Someone else describe The situation is “central administration”.
To address privacy concerns, Twitter users propose Ethereum users take responsibility for their on-chain privacy by installing a Linux operating system, using a virtual private network (VPN), and storing cryptocurrencies on hardware wallets like Ledger.
This is not the first privacy-related announcement to stir up the crypto community.
ConsenSys, the team behind the ethereum wallet Metamask, began collecting IP addresses in November. The company has amended its policies to ensure know-your-customer (KYC) and anti-money laundering (AML) compliance where necessary.
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As reported by Cointelegraph