On Tuesday, prosecutors in Florida had easy time resolving a hack-related case as the accused ultimately confessed to have participated in executing u
On Tuesday, prosecutors in Florida had easy time resolving a hack-related case as the accused ultimately confessed to have participated in executing unlicensed bitcoin exchanges through an online hacking system owned by an Israeli who previously masterminded several hacks in large firms like JPMorgan Chase.
The 38-years old, officially known as Ricardo Hill conceded to his up to seven crimes in Manhattan Federal court among which included conspiracy to run illegal money transfer business, bank fraud as well as wire fraud.
He is considered the ninth person to have been prosecuted in relation to the data breach crime that JPMorgan discovered in 2014 that involved up to 83 million accounts.
As per the court documents, Hill’s charges linked to him being a business development consultant and finance support manager in an illegal bitcoin exchange service referred to as Coin.mx.
Prosecutors mentioned that Coin.mx was under the management of Anthony Murgio, a Florida resident from year 2013 to 2015 and was able to convert millions of dollars to bitcoins while it operated via various fronts the most common one being Collectables Club.
The prosecutors as well said that Coin.mx under the ownership of an Israeli named as Gery Shalon and his assistance Joshua Samuel Aaron a Maryland born organized and executed various cyber attacks on firms such JPMorgan which saw the personal information of not less than 100 million people being stolen.
These men are believed to have executed these cybercrimes and many more hack-tied crimes like inflating sock prices with fake marketing emails together with an Israeli known as Ziv Orenstein.
Aaron who resided in Russia was transported to U.S. custody in December while his cohorts Orenstein and Shalon were send back to Israel in June. They all denied their crimes.
Murgio whose charges didn’t link to the hacking scheme also admitted to his crimes in Jan 9 which included but not limited to conspiracy to perform bank fraud and involvement in illegal money transfer business. Murgio’s father alongside other five people has also being charged in association to Coin.mx. Two of the charged individuals are expected to under trial on the 6th of February this year.