News

French DIA Agent Accused Of Secretly Selling Classified Info For Bitcoins

A French Intelligence Agent has been alleged of selling state secret in exchange for Bitcoin through the dark web. This was revealed on Friday by a local news outlet in the country.

State Secret In Exchange For Cryptocurrency

A French Intelligence Agent involved in the sale of the state secret for Bitcoin through the dark web was arrested last week after the revelation of the malicious act broke out.
The name of the agent was not revealed. However, the agent works for the Direction Générale de la Sécurité Intérieure, also known as DGSI. The agent was alleged to have falsified economic information and administrative documents.
Also, it was noted that the agent was working with the members of a criminal organization and other economy specialists, and not a group of terrorists.
The agent was clamped down through the use of his personal code, to track him down online. This enables them to know the activities the agent was involved in online and the information he provided.
Meanwhile, the specific detail of the information leaked and the amount of cryptocurrency payment he received was not made known. However, the agent could face seven years imprisonment and 100,000 Euros fine for the act committed.

Cryptocurrency And Illegal Use

Cryptocurrency, since its emergence has seen wide acceptance and growth. However, the cryptocurrency has been dented by scams, hack, price manipulations, illegal use among others. These have been the militating factors against the full institutional acceptance of cryptocurrency.
Cryptocurrency image as been more especially tainted by the tag as a tool for an illegal transaction, such as money laundering, drug dealing, scam, hack among others. Countries are wary of adopting the cryptocurrency because of these features.
Meanwhile, the DEA report of the United States recently noted that though the illegal use of cryptocurrency still thrives, there has been a massive growth over the years in the adoption of cryptocurrency for legal reasons. This has been seen in investment for a speculative reason and also a little extent in use for purchase in stores.
Notably, the illegal use of cryptocurrency is supported by the privacy and the non-external disruptive feature that hides the identity of transactors and makes their transactions non-disruptive by external bodies, like its available in the traditional financial institution.
Also, October 1 marked five years of Ross Ulbricht, the founder of the dark web marketplace, Silk Road, in prison, serving his life imprisonment. The silk road is a dark web market notorious for aiding illegal transactions with cryptocurrency.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMoneyGramNewsxbtusd

MoneyGram Debuts Cash-For-Bitcoin Trades At Over 12,000 Locations

Physical cryptocurrency ATMs were one of the first markers of progress for the crypto industry starting from the early to the mid-2010s. Crypto ATMs essentially indicated that there was significant demand for cryptocurrency, specifically bitcoin, and as the markets for…
cryptocurrencyCryptocurrency NewsdogecoinDOGEUSDNewsShiba InuSHIBUSD

Dogecoin Might Need to Watch Out For New Blazing Rival Shiba Inu

The meme coin Dogecoin has been one of the best performing altcoins this year. Although it doesn’t come close to many DeFi coins which are topping the list, DOGE has done significantly well for an asset that was invented as…
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNewsTron NewsTRXUSD

As Elon Musk’s SpaceX Literally Sends Dogecoin To The Moon, Justin Sun Craves For Tron to Tag Along

Justin Sun, the CEO of Tron is offering Elon Musk a million-dollar deal, to help launch a satellite for BitTorrent and Tron. The CEO of the leading network has been clamoring for the adoption of the Tron network and its…