The U.S. Department of Justice has announced the launch of a new website designed to gather information and statements from individuals affected by the 2016 Bitfinex hack.
The 2016 Bitfinex Hack
In 2016, hacker Ilya Lichtenstein infiltrated the Bitfinex platform and stole a significant amount of Bitcoin. This attack affected many users who might have suffered from the theft and subsequent money laundering scheme.
Laundering of the Stolen Funds
To conceal the source of the stolen funds, Lichtenstein used sophisticated laundering techniques, involving cryptocurrency mixers, unregulated exchanges, darknet markets, and various bank accounts worldwide. His wife, Heather Morgan, assisted in the schemes until both were arrested in February 2022.
Legal Prosecution and Victim Support
Lichtenstein and Morgan pleaded guilty to charges of money laundering and conspiracy in August 2023. Their sentencing is scheduled for November 14 and 15, 2024, in Washington, D.C., before Judge Colleen Kollar-Kotelly. The Department of Justice created this resource as part of its commitment to transparency and to ensure that all affected individuals have the opportunity to comment before sentencing.
The DOJ's initiative aims to support the victims and ensure justice in one of the largest cyberattacks in the crypto industry.
