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Israel Investigates High-Profile Crypto Hack

Israel Investigates High-Profile Crypto Hack

The government of Israel is investigating a hacking incident in September that involves executives of crypto companies. The Mossad and Israel’s National Cyber Security Authority were said to be joining the investigation.

In a published report, Mossad, Israel’s intelligence service, together with Israel’s internal security team Shin Bet, has recently been investigating the September 7 hacking incident. This hacking was said to have breached the personal Telegram, WhatsApp, and email accounts of various high ranking officials related to cryptocurrency in the country.

Victims claimed that their social media and email accounts were used by hackers to send messages to their contacts and ask for cryptocurrency. This event made them seek help from Tzahi Ganot, co-founder of Pandora Security, a cyber-consulting firm that specializes in protecting executives in sensitive positions.

Upon hearing the incident, Tzahi Ganot said:

We sent the executive a price offer, and I tried to figure out with my partner how his phone had been hacked – whether it was by duplication of his SIM card or by installing a malware application onto his phone.

Furthermore, Ganot added that he was surprised to find out that the same scenario was flooding his phone the following day. The messages came from the CEO and Vice CEO of 20 different crypto companies with the same complaint.

Moreover, the victims were said to be all clients of Partner, a telecom company in Israel. Considering this, one possible cause of the incident was the hacker penetrating the telco’s system to gain access to the one-time password (OTP), which is needed when opening the account on other devices.

Partner Telecom denied the accusations.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.