The brothers used Telegram and other cryptos –related forums to send the links to their phishing sites. When the users accessed the link and entered the private keys to their wallets or submitted other personal account information, the conmen used this to redirect the funds into their own accounts.
What’s more, the two criminals were also connected to the 2016 Bitfinex hack when the police discovered that multiple accounts on the exchange were compromised by them. It was also found out that they stole fewer funds than it was initially thought. No further details were given on the matter.
The investigation was hindered as many of the alleged victims came from different part of the EU and the USA, which required national cooperation of multiple cybercrime units.
In a raid conducted by the police earlier this week, they found in Eli Gigi’s house acrypto wallet. which contained “significantly lower” than the total suspected amount of the embezzlement. The raid also discovered “luxury cars” which were acquired by the two.
Eli Gigi was a graduate of the IDF, a top technological unit which recruits talented youth with academic capabilities.
The investigation, which began in early 2017, is still on-going and more details are expected to be discovered, said the authorities.
Featured Image: Zocalo Public Square
source: https://coindoo.com/two-israeli-cyber-criminals-arrested-for-bitfinex-2016-hack/
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