Two Israeli brothers were arrested in connection with the burglary of the Bitfinex cryptocurrency exchange and other phishing attacks related to the cryptocurrency.
An Israeli police spokesman told the media that Eli Gigi and his younger brother Assaf Gigi had received tens of millions of dollars. They are both suspected of systematic cryptocurrency theft for a long time by maliciously gaining access to the accounts of other users.
According to the police, the brothers created clone sites of the largest crypto exchanges and wallets in order to steal user credentials, and posted links to these phishing sites in Telegram groups and other cryptocurrency related communities. Gigi is also accused of a cyber attack on Bitfinex in 2016, as a result of which many accounts were hacked.
Police noted that the alleged victims were mostly citizens of the European Union and the United States, which led to the investigation of the case by several law enforcement agencies in several countries.
In the course of the probe, the police discovered a cryptocurrency wallet, which, however, turned out to have significantly less money than expected.
Notably, Eli Gigi is reportedly a graduate of the elite technology division of the Israel Defense Forces, which selects young people with outstanding academic skills.