December 25, 2024

Book photos for Heather Morgan and Ilya Lichtenstein.

Courtesy of the Alexandria Adult Detention Center.

A man who hacked Bitfinex in 2016 and stole nearly 120,000 bitcoins from the cryptocurrency exchange was sentenced Thursday to five years in prison for a money laundering scheme he and his wife carried out to hide the stolen cryptocurrency. imprisonment.

When Ilya Lichtenstein stole the Bitcoin, the Bitcoin was worth only $70 million. Thanks to the rise in Bitcoin prices since 2016, the cryptocurrency is currently worth $10.5 billion.

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