U.S., Israel make arrests related to JPMorgan hack

In addition to involvement in the JPMorgan cyberattack, US officials accused the defendants of designing a scheme in which they used email blasts and pre-arranged trading to drive up the value of certain stocks before selling off shares at a premium, Bloomberg reported.

But The New York Times, citing people briefed on the matter, said the four, and another man still at large in Israel, were involved in the hack at the bank.

JPMorgan stated final October that names, addresses, telephone numbers and e-mail addresses of about 83 million clients have been uncovered in a hacking assault, making it one of many largest knowledge breaches in historical past.

At least five stocks were manipulated over 2011 and 2012, according to the grand jury indictment.

The three men charged in the stock scheme are Gery Shalon and Ziv Orenstein, both of Israel, and Joshua Samuel Aaron, a US citizen who lived in Israel and the United States.

Israel Police first reported the arrests in a message sent out to reporters on Tuesday, along with a stipulation that a gag order now on the case prevents the publication of any details or the existence of the gag order.

Prosecutors in New York announced charges against two Florida men, Anthony Murgio, 31, and Yuri Lebedev, 37, for operating an unlicensed money exchange using the digital currency bitcoin. She said the Federal Bureau of Investigation had asked that Shalon and Orenstein be held to begin extradition proceedings and also requested permission to interrogate them in Israel. A JPMorgan spokeswoman declined to comment on the arrests.

Initially, JPMorgan suspected the Russian government was involved, though subsequent investigations had ruled out the possibility.