Bitfinex hacker, Ilya Lichtenstein, has been sentenced to 5 years in jail for his involvement in one of many largest cryptocurrency thefts in historical past. Lichtenstein and his spouse, Heather Morgan, had been arrested in February 2022 after authorities linked them to the 2016 crypto hack of Bitfinex, ensuing within the theft of 119,754 Bitcoin.
Choose Colleen Kollar-Kotelly of the USA District Court docket for the District of Columbia issued the sentence following Lichtenstein’s responsible plea to conspiracy to commit cash laundering.
Bitfinex Hacker Jailed for Multi-Billion Bitcoin Theft
In a current ruling, Choose Kollar-Kotelly sentenced Bitfinex hacker Ilya Lichtenstein to 5 years in jail. This sentencing follows Lichtenstein’s admission to hacking the Bitfinex cryptocurrency alternate in 2016, the place he facilitated the unauthorized switch of 119,754 Bitcoin, initially valued at round $71 million.
Because the hack, Bitcoin’s worth has risen, elevating the stolen belongings’ value to billions. Lichtenstein, a self-described “laptop knowledgeable,” used superior hacking strategies to infiltrate Bitfinex’s methods and conduct greater than 2,000 unauthorized transfers.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to numerous media shops on cryptocurrency tendencies and applied sciences. With over 4000 revealed articles throughout numerous media shops, he goals to tell, educate and introduce extra folks to the Blockchain and DeFi world. Exterior of his journalism profession, Ronny enjoys the fun of motorcycle using, exploring new trails and landscapes.
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