• 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

Saxony May Access Additional 57,000 Bitcoin in Movie2k Case

chest

A proposed court deal in the movie2k case could allow Saxony to access an additional 57,000 Bitcoin, raising concerns about state-controlled supply in the market.

user avatarArif Mukhtar

Ripple and Kyobo Life Insurance Join Forces for Blockchain Bond Settlement

chest

Ripple has partnered with Kyobo Life Insurance to explore Korea's first tokenized government bond settlement on blockchain, aiming to modernize the market and reduce settlement times.

user avatarMaria Gutierrez

Ethereum Price Reclaims Key Cost Basis Level

chest

Ethereum's recent price surge has allowed it to reclaim a key cost basis level, according to on-chain analytics firm Glassnode.

user avatarAndrew Smith

Ethereum MACD Signals Potential Bullish Rally

chest

A crypto analyst has identified a new golden cross in Ethereum's MACD, suggesting a possible price rally.

user avatarDavid Robinson

Dogecoin's Price Analysis Suggests Potential Bull Cycle

chest

Analyst Javon Marks conducted a technical analysis of Dogecoin, suggesting it may repeat previous bull cycles with a potential price rally of over 2,600% if it breaks above the 1618 Fibonacci extension.

user avatarJacob Williams

Dogecoin Foundation Plans New Developments to Boost Demand

chest

The Dogecoin Foundation has announced plans for two significant developments aimed at enhancing the utility of Dogecoin, including a self-custodial wallet and a Layer-2 upgrade.

user avatarZainab Kamara

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.