Pulse of Truth

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Bitfinex Hacker Sentenced to 5 Years, Guilty of Laundering $10.5 Billion in Bitcoin (thehackernews.com)

submitted 22 hours ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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Ilya Lichtenstein, who pleaded guilty to the 2016 hack of cryptocurrency stock exchange Bitfinex, has been sentenced to five years in prison, the U.S. Department of Justice (DoJ) announced Thursday. Lichtenstein was charged for his involvement in a money laundering scheme that led to the theft of nearly 120,000 bitcoins (valued at over $10.5 billion at current prices) from the crypto exchange.

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