A Miami man has been indicted for stealing USD $116 million in cryptocurrency since 2011.

New York (CNN Business) — A New York man was charged on Thursday with stealing more than $116 million from one of the city's largest financial institutions, a case that the public federal prosecutor says is part of. a broader international hacker group.

Avraham Ava Eisenberg 28, has been charged with one count of wire fraud and one count of aggravated impersonation. He faces up to 20 years in prison if convicted.

Prosecutors said he used what they called an advanced phishing scheme to steal the login credentials of New York Mellon Bank employees, then used those credentials to access access their bank accounts. They say he converted some of the funds into cryptocurrencies like bitcoin and litecoin before moving them out of BNY Mellon's system and into his own account.

Eisenberg was arrested in Israel in August 2016 when he tried to flee the country with millions of dollars in stolen money, deposited into his personal account at Citibank. He has been extradited to the United States, where he is currently awaiting trial. The case against him is being prosecuted by Assistant U.S. Attorney Annalisa Piraccini and Chief Counsel Jeffrey Munson of the Criminal Division's Money Laundering and Forfeiture Division (AFMLS).