Ilya Lichtenstein, who orchestrated the 2016 theft of over 119,000 Bitcoin from crypto exchange Bitfinex, has been sentenced to 60 months in prison for money laundering, the U.S. Department of Justice said Wednesday.
The ruling marks a significant conclusion to one of the largest cyber thefts in history, resulting in the recovery of approximately $10 billion in stolen assets.
The sentencing follows a seven-year investigation involving multiple U.S. agencies, including the IRS-Criminal Investigations unit, the Federal Bureau of Investigation, and Homeland Security Investigations, alongside blockchain forensics firm TRM Labs.
Lichtenstein’s actions, in collaboration with his wife, Heather “Razzlekhan” Morgan, involved laundering Bitcoin, valued at about $4.5 billion at the time of recovery. Morgan is scheduled for sentencing on Nov. 18.
After pleading guilty to money laundering charges in August 2023, Lichtenstein then admitted to exploiting a vulnerability in Bitfinex’s securit
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Author: Sebastian Sinclair
