KCN THIEVES WHO HAVE ABDUCTED 120,000 BTC HAVE BEEN ARRESTED

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One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing attacks. Just shy of 120,000 Bitcoin (BTC) were stolen in the attack back in 2016, an amount initially worth $72 million, though after Bitcoin’s meteoric rise in the summer of 2019, the value of the stolen funds now amount to around $1.4 billion. Speaking to Finance Magnates, an Israeli police spokesperson said that Eli and Assaf Gigi bagged tens of millions of dollars from their activities. The product of a police raid, the arrests also located a cryptocurrency wallet containing a much smaller sum than the pair are alleged to have stolen. According to the cointelegraph. The news release partner STEX.com.

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