Balancing Justice in the Crypto Sphere: A Dilemma of Rehabilitation and Deterrence
The cryptocurrency world is constantly changing, and so are the challenges related to justice in it. The recent release of Ilya Lichtenstein, the brains behind the notorious Bitfinex hack, has sparked fresh discussions. Should rehabilitation take the front seat over punishment in crypto-related crimes? In this piece, we’ll take a closer look at this evolving issue, its implications for deterrence, and the role of public perception.
A Deeper Dive into the Bitfinex Hack
Back in 2016, Ilya Lichtenstein executed one of the most significant crypto heists ever, exploiting vulnerabilities in Bitfinex’s systems to siphon off nearly 120,000 BTC. At that time, the haul was valued in the hundreds of millions, but now, it’s worth more than…
