Facebook User Data May Have Gone to Russia, Whistle-Blower Says

Trump aide used Cambridge Analytica to wage

The bankruptcy in NY was declared under Chapter 7 petition, listing estimated liabilities of between $1 million and $10 million, addressing issues raised by United States creditors.

UK-based political consulting firm Cambridge Analytica, which was recently embroiled in a massive data-harvesting scandal that compromised the personal information of up to 87 million Facebook users, filed for voluntary Chapter 7 bankruptcy in a NY court late on Thursday.

The company shared in the statement, "Despite Cambridge Analytica's unwavering confidence that its employees have acted ethically and lawfully, the siege of media coverage has driven away virtually all of the company's customers and suppliers". Wylie said Nix and Cambridge Analytica made presentations and sent documents to Lukoil, including a white paper about Cambridge Analytica's data collection and online targeting of Americans.

Christopher Wylie, who leaked information on the British-based firm's hijacking of data on millions of Facebook users, told a Senate panel he believes Russian intelligence services had access to data harvested by the consultancy. He said that information could be used to create an algorithm to target Facebook users with profiles similar to those that were obtained by Cambridge Analytica.

Christopher Wylie, a former Cambridge Analytica employee who blew the whistle on its alleged misuse of Facebook data, told the Senate Judiciary Committee that the company offered services to discourage voting from targeted sections of the American population.

Few months ago Wylie made headlines for revealing almost 87 million people may have been victims of data harvested by Cambridge Analytica without their consent as a result of a third-party application spoke of voter suppression during a Senate Intelligence Committee Wednesday.

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