New Yorker faces 5 years sentence following $10B Bitfinex theft

Quick Summary:

Ilya Lichtenstein faced 20 years for stealing 120,000 BTC from Bitfinex, but prosecutors said he cooperated, had no priors, and only laundered 20% of the stash.

The post New Yorker faces 5 years sentence following $10B Bitfinex theft appeared first on CoinGeek.

Following the breach, Liminal blamed the exchange, alleging that its internal machines had been compromised.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaIndiaUnited States

Topics: Bitfinex Money laundering Ilya Lichtenstein Regulation Business WazirX Heather Morgan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 16:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 953 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 23701148

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