Man arrested in UAE in connection with €13 million BOV cyber-heist

Instagram - hushpuppi

Tista' taqra bil- Malti.

A man has been arrested in the United Arab Emirates in connection with the hacking of €13 million from the Bank of Valletta in 2019. The man was arrested in June and is now facing criminal charges in the United States of America.

On Facebook Dubai Police had announced that Raymond Igbalode Abbas known as “Hushpuppi” was arrested.

The prosecution is accusing Igbalode Abbas of cybercrime schemes with the aim of stealing millions from financial institutions during 2019.

In January this year, three men have been arrested in the UK over suspicions that they were involved in the hacking of €13 million from the Bank of Valletta last year, the UK’s National Crime Agency has reported.

Two men, aged 22 and 17, had been arrested on 22 January following raids in the West Hampstead and Ladbroke Grove areas of London, while another man was interviewed under cautions. The Economic Crimes Unit of the Malta Police Force had helped in the investigation, which was launched following the cyber-heist which targeted BOV on 13 February 2019. The bank was forced to shut down, with staff brought to work overnight to fix the security breach.