Bitcoin Hacker Sentenced To 5 Years For Laundering $10.5 Billion From Bitfinex

Quick Summary:

Ilya Lichtenstein, who pleaded guilty to his role in the 2016 Bitcoin hack of the cryptocurrency exchange Bitfinex, has been sentenced to five years in prison, as announced by the US Department of Justice (DOJ) on Thursday.

At the time of writing, the largest cryptocurrency on the market, Bitcoin, is trading at $88,520, up 16% every week, although it has pulled back in the past 48 hours from its all-time high of $93,250 hit on Wednesday.

Court documents reveal that Lichtenstein utilized “advanced hacking tools” and techniques to breach Bitfinex’s network.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Bitfinex hack Bitcoin News Bitcoin price Bitcoin 2016 Bitfinex Hack Cryptocurrency Crypto news Btcusd Crypto Bitfinex Bitcoin news Btc Bitfinex news BTCUSDT Cryptocurrencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 01:00:23 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23607370

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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