Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on geyser.fund. Awesome perks are waiting for you such as the Bukele Blend Coffee.
 

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Israeli Arrested for Attempted $50M Crypto Sale of ‘Pegasus’ Spy Software

written by

Israeli Arrested for Attempted $50M Crypto Sale of 'Pegasus' Spy Software

Support free journalists: > send a tip

An Israeli man was indicted by the Tel-Aviv District Court on 5 July 2018 for trying to sell top-secret spy software called Pegasus built for Israel’s government. The extremely sophisticated software gained notoriety for being able to hack into Apple iPhones.

The man worked as a senior programmer for NSO Group, which gave him access to all the company’s source code and tools. He tried to sell Pegasus for USD 50 million of cryptocurrencies on the darknet, wanting the deal to be separated into various cryptocurrencies to obfuscate his trail.

The Israeli was fired by NSO Group in February 2018 for connecting an external drive to company computers, after searching on the internet how to connect an external drive without being detected. He downloaded hundreds of millions of dollars worth of software and then hid the external drive under his bed.

Sometime later, he went to the darknet to find a buyer for Pegasus. The person contacted became suspicious of the deal and contacted NSO Group, after which point the contact cooperated to get the Israeli man arrested. The seller man was charged with theft, trying to damage property in a way that would hurt national security, marketing defense material without a permit, and interfering with computer material.

The Israeli man is being kept in custody throughout the court proceedings since he is considered a danger to national security. According to NSO Group, no top-secret data was leaked due to this incident.

The company said, “The company was able to quickly identify the breach, collect evidence, identify the perpetrator, and share its findings with the relevant authorities. The authorities, in turn, responded quickly and effectively, so that within a very short time the former employee was arrested and the stolen property was secured. No [intellectual property] or company materials have been shared with any 3rd party or otherwise leaked, and no customer data or information was compromised.”

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Read More Bitcoin News

   Advertisement

Join our Newsletter

   Advertisement

Latest on Bitcoin News

Video of the Week

Join our Newsletter

   Advertisement