Mastermind behind crypto heist worth billions gets 5-year sentence

Quick Summary:

Ilya Lichtenstein tried to launder proceeds of Bitfinex hack.

The Bitfinex hack resulted in the theft of 119,754 Bitcoin, worth about US$71 million at the time.

Lichtenstein expressed remorse to the judge and pledged that he would use his skills to help with cyber security.“I can make a real difference in the fight against cybercrime,” he said.“Heather is only involved in this case because of me,” he said.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Wife Media Bitfinex Worth Hack Lichtenstein Years Money Sentencing Bitcoin Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 08:31:26 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 697 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23595665

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