Bitfinex Hacker Gets 5 Years for $10B Bitcoin Laundering 💰
Ilya Lichtenstein, responsible for a major 2016 Bitfinex hack, has been sentenced to five years in prison for laundering over $10 billion in stolen Bitcoin. Learn how he concealed the massive crypto theft.
Benzinga
952 views • Nov 15, 2024
About this video
Ilya Lichtenstein was sentenced to five years for a money-laundering scheme to conceal stolen cryptocurrency. Lichtenstein hacked Bitfinex in 2016, siphoning off 120,000 bitcoins valued at $70 million. The bitcoin is worth over $10 billion and was partially recovered by the Department of Justice, with plans to return it to rightful owners. Lichtenstein's wife, Heather Morgan, a lesser participant in the scheme, will be sentenced Monday.
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Views
952
Duration
0:34
Published
Nov 15, 2024
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