Hacker Receives Reduced Sentence for Cooperation
Ilya Lichtenstein, responsible for the 2016 Bitfinex hack, has been sentenced to five years in prison for laundering 120,000 BTC, now worth $10.7 billion. Prosecutors recommended a reduced sentence due to his cooperation in investigations, including the Bitcoin Fog case.Largest U.S. Crypto Seizure
The stolen bitcoin represents the largest crypto seizure in U.S. history. Lichtenstein and his wife, Heather Morgan, used mixers, darknet markets, and layering techniques to launder the funds. Morgan, who played a smaller role, faces sentencing on November 18.Broader Implications
The case highlights the challenges of securing crypto assets and the importance of international cooperation in combating cybercrime. It also marks a significant victory for law enforcement in holding cybercriminals accountable.
Read the full article on
theblock.
