Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison
The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison.
According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – has been sentenced to five years for his role in the scheme.
Court documents reveal that after the exploit, Lichtenstein took measures to cover his tracks, such as deleting key Bitfinex files that could have helped law enforcement identify him. Furthermore, he asked his wife to help him launder the stolen money.
Lichtenstein and his wife, Heather Morgan, utilized sophisticated money-washing…
