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Ilya Lichtenstein Sentenced for Bitfinex Bitcoin Theft

/ 1 min read

Ilya Lichtenstein sentenced to five years for Bitfinex Bitcoin heist. The hacker, who stole 119,754 Bitcoin from the Bitfinex exchange in 2016, was sentenced by U.S. authorities after pleading guilty to money laundering charges. Lichtenstein, arrested in February 2022, was found to have used advanced hacking techniques to exploit vulnerabilities in Bitfinex’s system, leading to the theft valued at $3.6 billion at the time of seizure. He will begin his five-year sentence on November 18, 2024, and his wife, Heather Morgan, is also facing sentencing for her role in the laundering operation.