Bitfinex hacker Lichtenstein sentenced to 5 years for hacking incident and subsequent money laundering.
Ilya Lichtenstein was sentenced to 5 years in prison for participating in the 2016 Bitfinex exchange hack and the subsequent laundering of funds. The stolen assets included approximately 120,000 bitcoins, which were worth 72 million USD at the time and are now valued at 10.70 billion USD, making it the largest seizure of assets by the U.S. government to date. Lichtenstein's wife and accomplice, Heather Morgan, is set to be sentenced on November 18. Due to her secondary role in the money laundering conspiracy, prosecutors have recommended an 18-month prison sentence. The couple pleaded guilty to money laundering-related charges in August 2023. According to the U.S. Department of Justice, they laundered funds using methods such as cryptocurrency mixers, layered transactions, and dark web markets. (The Block)
Bitfinex hacker Lichtenstein sentenced to 5 years for hacking incident and subsequent money laundering.
Ilya Lichtenstein was sentenced to 5 years in prison for participating in the 2016 Bitfinex exchange hack and the subsequent laundering of funds. The stolen assets included approximately 120,000 bitcoins, which were worth 72 million USD at the time and are now valued at 10.70 billion USD, making it the largest seizure of assets by the U.S. government to date. Lichtenstein's wife and accomplice, Heather Morgan, is set to be sentenced on November 18. Due to her secondary role in the money laundering conspiracy, prosecutors have recommended an 18-month prison sentence. The couple pleaded guilty to money laundering-related charges in August 2023. According to the U.S. Department of Justice, they laundered funds using methods such as cryptocurrency mixers, layered transactions, and dark web markets. (The Block)
