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Popular VPN provider Private Internet Access (PIA) is set to be acquired by Kape Technologies. This will transform the company into a major player in the VPN industry. The deal has sparked a lively debate about Kape’s intentions and PIA’s future, but the company stresses that it remains committed to protecting the privacy of its users.
Private Internet Access, commonly known as , is one of the largest VPN providers in the world.
In recent years it’s become a well-established brand that has had its no-logging policy tested in court, with success.
This week the company announced that some changes are afoot. PIA’s parent organization LTMI Holdings is in the process of a merger acquisition by the publicly traded Kape Technologies, which also owns the Cyberghost and Zenmate VPN services.
As part of the planned deal, Kape will pay $95.5 million. Part of this will be paid in cash, Vox reports, and Kape is also planning to pay the $32.1 million in existing debt PIA has on the books.
PIA users are angry as you can read here and not going to renew .
Do we have a potential VPN criminal conglomerate?
As many of you have already read, Private Internet Access has recently been acquired by a company named Kape Technologies. Kape Technologies is a huge company that also owns the likes of CyberGhost and Zenmate. I decided to read more and found facts that thoroughly shocked me:
1. CyberGhost was acquired by Kape Technologies(previously named Crossrider) back in 2017. Crosrider was known to hide malware/adware in their software and then sell data collected by it.
2. The co-founder of Kape Technologies, Teddy Sagi was sentenced to prison in regards to fraud and bribery back in 1996.
3. CyberGhost was also found to have WebRTC, IPv6 as well as DNS leaks multiple times, risking its users’ privacy.
4. Private Internet Access hired Mark Karpeles (ex-CEO of MT.Gox BitCoin platform) as their CTO. Karpeles was arrested and found guilty when tampering with financial records, trying to hide the platform’s loss by combining his personal finances with the exchange’s.
5. Private Internet Access’s founder Andrew Lee, also known as Rasengan on HackerNews, made serious allegations against ProtonVPN.
6. Allegations against NordVPN followed, where PIA’s employee was caught sharing a misleading PDF as a ‘concerned citizen’.
7. An ex-employee of PIA was threatened due to disclosing management issues, therefore spilling a lot of information about the company.
8. The same employee disclosed that PIA faked Reddit comments and ordered to downvote negative feedback about the product.
9.Another thing to consider is that before acquisition, Private Internet Access was in debt of over $32 million.
trustworthy lol
sources
PUP.Optional.Crossrider - Malwarebytes Labs
Sagi's criminal past may have sunk Plus500 deal - Globes
Former Mt. Gox CEO Mark Karpeles to Serve as CTO of New Japanese Blockchain Venture
Private Internet Access Internal Problems? - Post is titled "Revealing The PrivateInternetAccess TRUTH!"
CyberGhost owner buys PIA for $95.5m to create VPN giant
Do we have a potential VPN criminal conglomerate? | Hacker News
Private Internet Access, commonly known as , is one of the largest VPN providers in the world.
In recent years it’s become a well-established brand that has had its no-logging policy tested in court, with success.
This week the company announced that some changes are afoot. PIA’s parent organization LTMI Holdings is in the process of a merger acquisition by the publicly traded Kape Technologies, which also owns the Cyberghost and Zenmate VPN services.
As part of the planned deal, Kape will pay $95.5 million. Part of this will be paid in cash, Vox reports, and Kape is also planning to pay the $32.1 million in existing debt PIA has on the books.
PIA users are angry as you can read here and not going to renew .
Do we have a potential VPN criminal conglomerate?
As many of you have already read, Private Internet Access has recently been acquired by a company named Kape Technologies. Kape Technologies is a huge company that also owns the likes of CyberGhost and Zenmate. I decided to read more and found facts that thoroughly shocked me:
1. CyberGhost was acquired by Kape Technologies(previously named Crossrider) back in 2017. Crosrider was known to hide malware/adware in their software and then sell data collected by it.
2. The co-founder of Kape Technologies, Teddy Sagi was sentenced to prison in regards to fraud and bribery back in 1996.
3. CyberGhost was also found to have WebRTC, IPv6 as well as DNS leaks multiple times, risking its users’ privacy.
4. Private Internet Access hired Mark Karpeles (ex-CEO of MT.Gox BitCoin platform) as their CTO. Karpeles was arrested and found guilty when tampering with financial records, trying to hide the platform’s loss by combining his personal finances with the exchange’s.
5. Private Internet Access’s founder Andrew Lee, also known as Rasengan on HackerNews, made serious allegations against ProtonVPN.
6. Allegations against NordVPN followed, where PIA’s employee was caught sharing a misleading PDF as a ‘concerned citizen’.
7. An ex-employee of PIA was threatened due to disclosing management issues, therefore spilling a lot of information about the company.
8. The same employee disclosed that PIA faked Reddit comments and ordered to downvote negative feedback about the product.
9.Another thing to consider is that before acquisition, Private Internet Access was in debt of over $32 million.
trustworthy lol
sources
PUP.Optional.Crossrider - Malwarebytes Labs
Sagi's criminal past may have sunk Plus500 deal - Globes
Former Mt. Gox CEO Mark Karpeles to Serve as CTO of New Japanese Blockchain Venture
Private Internet Access Internal Problems? - Post is titled "Revealing The PrivateInternetAccess TRUTH!"
CyberGhost owner buys PIA for $95.5m to create VPN giant
Do we have a potential VPN criminal conglomerate? | Hacker News
