• 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

Analysts See Potential Reversal for PENGU Price

chest

Analysts believe the PENGU price may be poised for a reversal due to oversold conditions and weakening selling pressure.

user avatarMaya Lundqvist

Binance Faces Lawsuit Over Alleged Terrorist Funding

chest

Binance is facing a lawsuit from over 300 Americans for allegedly facilitating over $1 billion in transactions to terrorist organizations, including Hamas and Hezbollah.

user avatarLeo van der Veen

XYO's Proof of Location Enhances Robot Navigation

chest

XYO's Proof of Location technology provides reliable location data for robots and drones, ensuring accurate navigation.

user avatarRajesh Kumar

Developer Activity and Ecosystem Growth Drive TON's Momentum

chest

TON's developer and builder activity has surged, with 217 new projects and increased engagement, contributing to the network's momentum.

user avatarLi Weicheng

Gatewayfm's Role in Miden's Blockchain Development

chest

Gatewayfm has been selected as Miden's infrastructure partner to enhance operational capabilities and support its innovative edge-execution model.

user avatarLi Weicheng

Miden Partners with Gatewayfm for Enhanced Blockchain Infrastructure

chest

Miden has partnered with Gatewayfm to enhance its blockchain infrastructure, ensuring network uptime and supporting scalability and reliability.

user avatarAisha Farooq

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.