• 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

2 years 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

Bitcoin Price Approaches $80,000 Amidst Consolidation Signals

chest

Bitcoin price has surged towards the $80,000 mark, indicating a recovery from previous lows, but shows signs of consolidation.

user avatarAisha Farooq

PXTrader 20 Offers Enhanced Trading Features for Active Traders

chest

The newly launched PXTrader 20 platform by PrimeXBT enhances the trading experience with advanced features such as high leverage, tighter spreads, and integrated charting tools powered by TradingView.

user avatarBayarjavkhlan Ganbaatar

PrimeXBT Launches PXTrader 20 for Cryptofunded Trading

chest

PrimeXBT has launched PXTrader 20, a new platform that allows traders to use cryptocurrencies like Bitcoin and Ethereum as margin for trading various global markets without the need for conversion.

user avatarTenzin Dorje

Crypto Analyst Advises Caution on Bitcoin Purchases

chest

Crypto analyst Gargoyle advises against buying Bitcoin until high volume indicates a market bottom, as BTC risks further decline.

user avatarElias Mukuru

CharuSan Predicts XRP's Dominance Over SWIFT

chest

Crypto expert CharuSan argues that Ripple's XRP is superior for cross-border transactions compared to SWIFT, predicting SWIFT's eventual integration of XRP.

user avatarMohamed Farouk

Solana Price Faces Resistance as Market Conditions Shift

chest

Solana's price struggles to break the resistance level of 98 amid market consolidation, with potential targets of 107 and 117 if successful.

user avatarDiego Alvarez

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.