Tech Entrepreneur Sentenced for Massive Bitcoin Theft and Money Laundering
Ilya Lichtenstein sentenced to five years in prison for hacking $7.6 billion worth of Bitcoin and laundering funds with wife.
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Overview
Ilya Lichtenstein, a tech entrepreneur, was sentenced to five years in prison for masterminding a 2016 hack of Bitfinex, stealing 120,000 Bitcoin worth over $7.6 billion today. His elaborate laundering scheme, conducted with his wife Heather Morgan, involved complex financial maneuvers to conceal the stolen funds. The couple was arrested in February 2022, during which time significant portions of the stolen Bitcoin were recovered. Lichtenstein expressed remorse and hopes to contribute positively to society post-incarceration. Morgan awaits sentencing next week.
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