decryptmedia.com (nprofile…ysv4)
https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/02/bitfinex-tether-loan-crypto-capital-gID_7.jpg@png
Lichtenstein’s sentence is expected to serve as a deterrent amid rising concerns over cyber-related financial crimes.
https://decrypt.co/291773/bitfinex-hacker-sentenced-to-5-years-as-doj-ends-10-billion-crypto-theft-case
decryptmedia.com / Decrypt
npub19g…ce0q3
2024-11-14 23:08:15
Author Public Key
npub19gc66fmrasp284wuamj0qtqvcgqds4km4qajguy03y0j274rh5ksyce0q3Published at
2024-11-14 23:08:15Event JSON
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"Ilya Lichtenstein, who orchestrated the 2016 theft of over 119,000 Bitcoin from crypto exchange Bitfinex, has been sentenced to 60 months in prison for money laundering. The ruling marks a significant conclusion to one of the largest cyber thefts in history, resulting in the recovery of approximately $10 billion in stolen assets. Lichtenstein's actions involved laundering roughly 120,000 Bitcoin, valued at about $4.5 billion at the time of recovery, and using sophisticated hacking techniques to breach Bitfinex's security."
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