Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23.
An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars.
The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to other users' accounts.
The two allegedly created credential-stealing clones of major online cryptocurrency exchanges and wallets and sent links to those phishing sites on Telegram groups and other cryptocurrency-related communities.
The two are also accused of being responsible for the 2016 Bitfinex hack, which saw multiple accounts being compromised.
As Cointelegraph reported at the beginning of June, the funds stolen in the attack above have been recently moved.
During the raid, the police reportedly found a cryptocurrency wallet containing significantly less funds than the amount that the two are believed to have stolen.
As Cointelegraph reported earlier this week, a recent Firefox zero-day security flaw was used in attacks against major crypto exchange and wallet service Coinbase.
The flaw was purportedly merged with another zero-day flaw targeting Coinbase employees, meaning that there were two separate attacks.
While Coinbase was affected, the exchange's security researcher Philip Martin stated that Coinbase was not the only crypto-related company targeted in the campaign and that there was no evidence of the campaign targeting exchange customers.
Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange
gepubliceerd op Jun 23, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.