Man Who Stole and Laundered Roughly $1B in Bitcoin Is Sentenced to 5 Years in Prison

Man Who Stole and Laundered Roughly $1B in Bitcoin Is Sentenced to 5 Years in Prison

November 15, 2024 at 06:36AM

Ilya Lichtenstein, the Bitfinex hacker who stole and laundered approximately $1 billion in Bitcoin, has been sentenced to five years in prison.

**Meeting Notes Takeaways:**

1. **Individual Involved**: Ilya Lichtenstein is identified as the hacker connected to the Bitfinex theft.

2. **Crime Summary**: Lichtenstein stole bitcoin valued at approximately $1 billion based on current prices and was involved in laundering these funds.

3. **Legal Outcome**: He has been sentenced to five years in prison for his involvement in the crime.

4. **Source of Information**: The details were reported by SecurityWeek.

Full Article