A massive anti-money laundering action has been carried out by the cyber department of the State Attorney’s Office. It filed an indictment, alleging that Hilmi Git had managed to commit more than 20,000 fraudulent transactions using Israeli credit cards, laundering the money through the Bitcoin network.
1,071 BTC Seized by Israeli Police
Halmi Git, a resident of Hebron, has been accused of multiple offenses of credit card fraud, providing means for committing a crime, carrying out fraudulent trade activity, and laundering the proceeds through Bitcoin. It is reported that the Git managed to accumulate a total of 1,071 Bitcoin over the course of his crimes.
At press time, Bitcoin is trading at $7,342.21, putting the total value of Git’s fraud at a little over $7.8 million.
Web of Crime
According to the indictment, Git ran a network of forums and websites used to provide information on how to commit a range of computer offenses. One such forum provided is reported to have provided stolen credit card information. While entry to the forum was free, members could purchase a “VIP” membership to receive “fresh” credit card data. Git also published different guides in violation with the country& …
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