• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ilya Lichtenstein Receives Five-Year Sentence for Bitfinex Hack

user avatar

by Giorgi Kostiuk

a year ago


Ilya Lichtenstein has been sentenced to five years in prison for his role in the 2016 Bitfinex hack and conspiracy to commit money laundering.

Trial and Sentencing

On November 14, in the United States District Court for the District of Columbia, Judge Colleen Kollar-Kotelly sentenced Ilya Lichtenstein to five years in prison following his guilty plea to conspiracy to commit money laundering. Prosecutors had recommended five years for the Bitfinex hacker for his involvement in the theft of Bitcoin (BTC), valued at billions of dollars at the time of publication.

History of the Hack

In 2016, Lichtenstein and his wife Heather Morgan, also known by her rapper name Razzlekhan, stole 119,754 BTC from the Bitfinex exchange. The pair allegedly laundered roughly 95,000 BTC prior to their arrest in February 2022.

Future Legal Proceedings

Heather Morgan is scheduled to be sentenced on November 18 and has requested the judge to impose no more prison time than her husband received. She pleaded guilty to conspiracy to commit money laundering and defraud the US. Additionally, FTX co-founder Gary Wang is soon to face sentencing in the FTX case.

The legal proceedings are ongoing, with updates expected as more information becomes available.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Tron Price Stabilizes at Key Support Level

chest

Tron price shows signs of stabilization at the 027 support level, indicating potential market bottom.

user avatarGustavo Mendoza

Nestlé Completes Sale of Herta Stake to Casa Tarradellas

chest

Nestlé completes the sale of its remaining 40% stake in Herta Foods to Casa Tarradellas, marking the end of their joint venture and reflecting a strategic shift towards vegetarian products.

user avatarMaria Fernandez

iShares Bitcoin Trust Attracts Strong Investor Interest Despite Weak Performance

chest

iShares Bitcoin Trust (IBIT) attracts over $25 billion in funds since January 2025, ranking sixth among all ETFs despite Bitcoin's weak performance.

user avatarRajesh Kumar

Sable Offshore Corp Receives Approval for Las Flores Pipeline Restart

chest

Sable Offshore Corp's stock surged following the approval of its Restart Plan for the Las Flores Pipeline System by PHMSA.

user avatarMiguel Rodriguez

Recent Binance Listings: Apro AT and GAIB

chest

Binance has recently announced new listings for Apro AT and GAIB, which have shown differing market performances.

user avatarArif Mukhtar

BNB Overtakes XRP in Market Capitalization.

chest

BNB has surpassed XRP to become the fourth largest cryptocurrency, demonstrating better resistance to market trends.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.