Bitfinex Hacker Sentenced to Five Years in Record $10.7 Billion Crypto Heist

The mastermind behind some of the egregious cryptocurrency hacks, Ilya “Dutch” Lichtenstein, has been sentenced to 5 years in jail for his function in a 2016 hack.

The mastermind behind some of the egregious cryptocurrency hacks, Ilya “Dutch” Lichtenstein, has been sentenced to 5 years in jail for his function in a 2016 hack from the Bitfinex trade and subsequent cash laundering.

The sentence represents a joint suggestion of prosecutors, effectively under the utmost 25-year mixed jail sentence Lichtenstein may have obtained on expenses associated to conspiracy to commit cash laundering and defraud the US. He obtained leniency because of important cooperation with authorities, together with in testifying in different cryptocurrency-related circumstances, just like the investigation of the Bitcoin Fog.

Lichtenstein and his spouse Heather Morgan—recognized in music circles as “Razzlekahn”—-conspired to launder the stolen cash utilizing refined means equivalent to crypto mixers, layered transactions and darknet markets. Morgan accepted a lesser function within the scheme and is scheduled for sentencing on Nov. 18.

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