Hebron resident Hilmi Git has been indicted by the cybercrime department of the State Attorney’s office for carrying our over 20,000 fraudulent credit card transactions and laundering money through the Bitcoin network.
Israeli media outlet Calcalist quotes Git as saying “We are thieves. Anywhere we can take money, we’ll take it, whether it’s from Israel, the US, or even the moon.” The indictment was filed on Monday in the Tel Aviv District Court alleging that Git made fraudulent transactions worth $280,000 and laundered over $8 million. Ownership of the Bitcoin wallet containing over 1000 Bitcoin was seized and the funds were transferred to police. This is the first time in Israeli law that Bitcoin has been seized, and the state will file to confiscate the funds if Git is convicted.