Bitfinex hacker Ilya Lichtenstein sentenced to five years in prison for attempting to launder 120,000 bitcoin

Bitfinex hacker Ilya Lichtenstein sentenced to five years in prison for attempting to launder 120,000 bitcoin

Reported by The Block: Prosecutors recommended reducing Lichtenstein’s sentence due to his cooperation in his investigation and other crypto-related probes.

Lichtenstein’s wife and co-conspirator Heather “Razzlekahn” Morgan’s sentencing is scheduled for Nov. 18.

Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his role in the 2016 hack of crypto exchange Bitfinex and subsequent money laundering, Bloomberg reported on Thursday.

Lichtenstein received the five-year sentence that prosecutors recommended. Lichtenstein had been charged with conspiracy to commit money laundering and conspiracy to defraud the United States, which carry maximum sentence of 20 and five years, respectively. However, prosecutors argued Licthenstein's sentence should be reduced due to his cooperation in not only his investigation but others including his testimony in the Bitcoin 
BTC -2.09%
Fog case, The Block previously reported.

Lichtenstein's wife and co-conspirator Heather Morgan, who goes by the rap alias "Razzlekahn," now awaits sentencing on Nov. 18. She played a smaller role for in the money laundering conspiracy, so prosecutors proposed she get an 18-month sentence.

In 2016, Lichtenstein purportedly hacked into the crypto exchange Bitfinex and stole around 120,000 bitcoin worth $72 million at the time and $10.7 billion today. He and Morgan allegedly laundered the funds using crypto mixers, layered transactions, darknet markets and other tactics, according to the United States Department of Justice. The assets represent the U.S. government's largest seizure to date.

In August 2023, Lichtenstein and Morgan pleaded guilty to money laundering-related charges regarding the Bitfinex's hack.

Source

Bitcoin

In This Article

Related News
Daily Market Wrap | Aug. 07 Daily Market Wrap | Aug. 07
Daily Market Wrap | Aug. 06 Daily Market Wrap | Aug. 06
Daily Market Wrap: CFTC Crypto Push Daily Market Wrap: CFTC Crypto Push
Daily Market Wrap: Project Crypto Daily Market Wrap: Project Crypto
Daily Market Wrap: Rates Steady Daily Market Wrap: Rates Steady
Latest News More More
July 30 Daily Market Wrap: Anti CBDC Bill
July 29 Daily Market Wrap: FOMC
July 28 Daily Market Wrap : EU Tariff Deal
July 10 Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
July 7 TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open