Bitfinex hacker receives five-year sentence for multi-billion crypto heist
Lichtenstein and his wife Heather Morgan were arrested in 2022, and in August last year both pled guilty to conspiring to commit money laundering. The stolen cryptocurrency, worth around $71 million at the time of the theft, had soared in value to approximately $4.5 billion by the time Lichtenstein and Morgan were arrested. Valued at today’s prices, the stolen funds would be worth an even more staggering sum of over $10 billion.
According to the US Department of Justice, Lichtenstein and Morgan “employed numerous sophisticated laundering techniques” to hide the stolen funds, including using fictitious identities, converting the Bitcoin into other cryptocurrencies, buying gold, and depositing and withdrawing the proceeds at various…
