Bitfinex Hacker Sentenced to 5 Years for Bitcoin Laundering

Quick Summary:

Ilya Lichtenstein, the hacker behind the 2016 Bitfinex exchange breach, has been sentenced to five years in prison for his role in one of the largest cryptocurrency thefts in history.

Lichtenstein, 35, stole approximately 120,000 Bitcoin, valued at $71.8 million at the time.

Despite the complexity of these actions, authorities managed to trace the laundering network, eventually arresting the pair in February 2022.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesBhutan

Topics: Market News Bitcoin Bitfinex Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 07:58:17 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23602287

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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