France’s National Agency for Security of Information Systems has issued an urgent warning about sophisticated spyware attacks targeting high-profile iPhone users. The agency specifically named surveillance tools like “Pegasus, Predator, Graphite, and Triangulation” as threats aimed at journalists, lawyers, activists, and politicians, describing them as “particularly sophisticated and difficult to detect.”

On September 3, Apple sent threat notifications to affected iPhone users, though the company did not disclose how many individuals received these alerts. In its statement, Apple emphasized the severity of these threats, saying, “The extreme cost, sophistication, and worldwide nature of mercenary spyware attacks makes them some of the most advanced digital threats in existence today.”

Apple explained that these attacks represent highly funded operations that continually evolve, making detection challenging. The company noted that their threat notifications are “high-confidence alerts that a user has been individually targeted” and should be taken seriously. Apple also warned users about verification, stating that legitimate notifications will never request clicking links, installing apps, or providing passwords, and can be verified by signing into account.apple.com.

Previously:
• FTC settles with Lenovo over selling laptops deliberately infected with Superfish spyware
• Israeli spyware firm NSO Group ‘re-acquired’ by founders
• Investigators into mass murder of Mexican student teachers were attacked with NSO’s government spyware

An altcoin associated with a decentralized physical infrastructure network (DePIN) project surged by nearly 44% on Friday after receiving a prominent exchange listing.

On Thursday, the South Korean crypto exchange giant Bithumb announced it was listing XYO, the native token of the XYO Network.

The XYO Network aims to process any type of decentralized data.

Explains the project’s website,

“Encompassing both a network and protocol, XYO can be used for aggregating, verifying, organizing, and utilizing decentralized data from any hardware node capable of running XYO-enabled software or firmware.

XYO’s defining premise is decentralized verification, allowing network devices to verify the data flowing into the network’s databases by acting as witnesses for one another, strengthening the veracity of data received. Simple, accessible organization then allows this data to be put to use quickly and efficiently.”

Earlier this month, the project announced it would be migrating its network to a new layer-1 chain focused on DePIN. To help facilitate that move, the XYO Network is also rolling out a new layer-1 native token, XL1, and will operate with a dual-token model going forward.

The original XYO token will stay on Ethereum (ETH) and act “as an anchor to regulate the flow of XL1 into its native blockchain,” according to the project.

XYO is trading at $0.0154 at time of writing. The 278th-ranked crypto asset by market cap is also up by more than 71% in the past week.

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A court in Brazil has authorized the use of non-fungible tokens (NFTs) to notify unidentified defendants in a case involving missing Bitcoins (BTC) tied to an alleged pyramid scheme, BWA Brazil.

The decision stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate seeking to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditor funds.

The estate requested that the court permit digital service of process by minting NFTs containing the relevant legal documents and transmitting them to wallet addresses involved in the initial transactions.

The ruling stated:

“Creditors who suffered multimillion-dollar losses cannot be further harmed by legislative delays in keeping up with technological innovation. Therefore, I authorize the court-appointed trustee to take all necessary actions to carry out notification of this interruptive protest [which interrupts lawsuit deadlines] via electronic communication using NFTs.”

Furthermore, the Public Prosecutor’s Office submitted a favorable opinion supporting the trustee’s petition. 

The measure targets holders of digital assets whose identities remain unknown but have wallet addresses that are traceable through the Bitcoin blockchain.

The estate claims that approximately 11,200 BTC were acquired using creditor funds. At current prices, 11,200 Bitcoin is worth over $900 million.

According to the filing, these transactions occurred before the bankruptcy and are now subject to potential recovery proceedings. 

A large scheme

BWA Brazil was founded in 2017 by Paulo Roberto Ramos Bilibio and presented itself as an investment company offering BTC exposure. It offered 5% fixed monthly returns on clients’ deposits, an impossible result based on a variable return asset such as Bitcoin.

However, the firm froze withdrawals in early 2020, leaving customers with losses estimated at R$300 million — roughly $52.2 million. Authorities estimated this is one of Brazil’s largest losses tied to an alleged crypto pyramid scheme.

In July 2020, a Brazilian court approved BWA’s filing for judicial recovery, claiming it would reimburse its customers. However, less than one year later, another court order changed the process from judicial recovery to bankruptcy, claiming the firm made no efforts to pay its clients.

Bilibio and his partner, Jessica da Silva Farias, allegedly used the money retained by BWA to buy Bitcoin. Both of them remain at large and have not been arrested yet.

Blockchain traceability enables new legal processes

The trustee highlighted that despite the anonymity of wallet addresses, Bitcoin’s technical architecture permits the tracking of individual coins. Once received into a wallet, BTC can be transferred repeatedly, but each transaction is permanently recorded on the blockchain. 

The filing acknowledged that some assets were moved through centralized exchanges, while others may have been transferred via peer-to-peer methods that bypass third-party intermediaries.

Authorities may be able to identify the ultimate beneficiaries in cases involving exchanges domiciled in Brazil, where entities are required to report user transactions to the Federal Revenue Service. 

However, peer-to-peer transfers using asymmetric encryption present significant challenges for attribution, making direct notification via the blockchain a necessary procedural innovation.

The use of NFTs to initiate legal notification marks an adaptation of procedural norms to accommodate blockchain-based financial activity’s unique characteristics as courts grapple with the jurisdictional and evidentiary complexities of decentralized asset flows.