• 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

US Energy Secretary Warns of Potential Oil Price Surge Amid Ongoing Conflict

chest

US Energy Secretary Chris Wright warns of potential rising oil prices due to escalating tensions between the US and Iran, which may impact inflation and cryptocurrency markets.

user avatarMaria Gutierrez

Iran May Allow Oil Tankers to Pass Through Strait of Hormuz in Yuan

chest

Iran is considering allowing oil tankers to pass through the Strait of Hormuz if payments are made in Chinese yuan, potentially challenging the petrodollar system.

user avatarDavid Robinson

WLFI Pursues National Trust Bank Charter and Asset Tokenization

chest

WLFI is expanding its ambitions in the financial sector by applying for a national trust bank charter tied to its stablecoin, USD1, and exploring asset tokenization.

user avatarAndrew Smith

WLFI Introduces New Staking Requirement for Token Holders

chest

WLFI has introduced a new staking requirement mandating a 5 million staking threshold for token holders to gain voting rights and access to the leadership team.

user avatarJacob Williams

India's Exports to China Surge by 431% in Early 2026

chest

India's exports to China surged by 431% year-on-year in early 2026, indicating robust trade growth.

user avatarZainab Kamara

India and China Achieve Historic Trade Record of 155 Billion in 2025

chest

In 2025, India and China reached a historic trade milestone of 155 billion, marking a significant economic convergence after years of diplomatic tensions.

user avatarSon Min-ho

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.