Bitfinex Hacker Sentenced to 5 Years as DOJ Ends $10 Billion Crypto Theft Case

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Decrypt 12h ago

Bitfinex Hacker Sentenced to 5 Years as DOJ Ends $10 Billion Crypto Theft Case - Decrypt

Quick Summary:

Lichtenstein’s sentence is expected to serve as a deterrent amid rising concerns over cyber-related financial crimes.

Law enforcement recovered approximately 94,000 BTC from a single wallet in 2022, now valued at billions, marking a critical milestone in the investigation.

According to DOJ statements, Lichtenstein used sophisticated hacking techniques to breach Bitfinex’s security, granting himself unauthorized access to its network.