• 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

Bitcoin Cash BCH Focuses on Peer-to-Peer Payments

chest

Bitcoin Cash BCH is designed for efficient peer-to-peer payments with larger block capacity.

user avatarKofi Adjeman

Apeing APEING Focuses on Whitelist Participation

chest

Apeing APEING is emphasizing early community formation through whitelist participation.

user avatarTando Nkube

Litecoin LTC Remains a Reliable Payment Alternative

chest

Litecoin LTC is recognized for its speed and reliability as a payment alternative.

user avatarNguyen Van Long

Qubic Shows Early Signs of Stabilization

chest

Qubic has shown early signs of stabilization after inconsistent price movements, maintaining a defined price range that suggests potential accumulation.

user avatarZainab Kamara

Social Media Sentiment Remains Balanced for Bittensor

chest

Despite a surge in discussions about Bittensor on social media, sentiment remains balanced with no strong bullish trend.

user avatarSon Min-ho

Market Analysts Highlight Factors Behind Canadian Dollar Gains

chest

Market analysts provide insights into the factors supporting the Canadian Dollar's strength against the US Dollar.

user avatarAyman Ben Youssef

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.