An Israel hacker is facing an extensive list of felonies related to the alleged theft of 6.1 Israeli new shekels ($1.75 million) in several cryptocurrencies.
The cryptocurrencies stolen by the 31-year-old Tel Aviv resident Eliyahu Gigi include Bitcoin (BTC) Ethereum (ETH), and Dash (DASH), according to an indictment filed on Thursday at the Tel Aviv District Court, Globes reported.
Such digital currencies were stolen from foreign citizens, including Belgians, Dutch, and Germans.
Gigi has been indicted for offences under the Computers Law, theft, fraud, aggravated counterfeiting, perjury, money laundering, and income tax offences.
The culprit reportedly managed a criminal enterprise and distributed software to the public through numerous websites that penetrated the computers of several victims to steal cryptocurrencies.
Gigi allegedly transferred the stolen digital currencies between several wallets, split them, and proceeded to convert into various types of cryptocurrencies.
With the purpose of managing and disguising his criminal enterprise, Gigi supposedly deployed remote servers and obscured the cryptocurrencies. He utilized applications to disguise the trail leading to the origin and destination of the cryptocurrencies.
He was detained earlier this year in June along with his younger brother. Initially, law enforcement suspected that the two siblings had stolen approximately $100 million in Bitcoin from digital accounts held in Bitcoin through an international phishing scam.
The indictment ultimately filed was against Gigi and not his younger brother.
After the investigation, the anticipated amount of cryptocurrencies stolen was significantly revised downward to 6 million Israeli new shekels (1.7 million).
Despite the fact that Eliyahu Gigi was detained and charged, he is yet to be convicted of these crimes.