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Bitfinex hacker receives five-year sentence for record-breaking crypto heist
November 15, 2024
The hacker behind one of the biggest-ever cryptocurrency heists will serve five years in prison for conspiring with his wife to launder billions in stolen Bitcoin. Ilya “Dutch” Lichtenstein was sentenced in Washington federal court Thursday after he admitted to hacking the Bitfinex crypto exchange in 2016 and stealing almost 120,000 Bitcoin tokens.
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…