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CyberSecurity updates
Updated: 2024-11-20 20:33:37 Pacfic
justice.gov
US Gov’t Sentences Bitfinex Hacker for Laundering Billions - 5d
Read more: www.justice.gov

Ilya Lichtenstein, the individual behind the 2016 Bitfinex cryptocurrency exchange hack, was sentenced to five years in prison for money laundering by the US Department of Justice. Lichtenstein and his wife, Heather Morgan, stole over 119,000 Bitcoin, worth approximately $10.5 billion at the time of the theft. The stolen cryptocurrency was laundered through a complex network of transactions, using various techniques to obfuscate the origins of the funds. The investigation by the DOJ involved tracing the movement of the stolen Bitcoin through various exchanges and wallets, ultimately recovering a substantial portion of the stolen assets. This case highlights the evolving tactics of cybercriminals and the need for improved security measures within the cryptocurrency industry.

Original img attribution: https://www.justice.gov/sites/all/modules/features/doj_sharing/images/doj-seal-fb.jpg
References:
  • Techmeme - Techmeme article highlighting the sentencing of Ilya Lichtenstein for the 2016 Bitfinex hack. - 5d
  • Bitcoin News - The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex H - 5d
  • www.bloomberg.com - Sabrina Willmer / :   —  - Ilya Lichtenstein tried to launder proceeds of Bitfinex hack  — His rapper wife ‘Razzlekahn’ is set to be sentenced on Monday - 5d
  • www.bloomberg.com - Ilya Lichtenstein is sentenced to five years in prison for conspiring with his wife, Heather "Razzlekhan" Morgan, to launder money from the 2016 Bitfinex hack (Sabrina Willmer/Bloomberg) - 5d
  • www.justice.gov - U.S. Department of Justice : This dude Ilya Lichtenstein hacked into the cryptocurrency exchange Bitfinex in 2016 and stole 119,754 bitcoin. In today's money, that's $10,567,673,766.94 USD ($10.5 bill - 5d
  • @bbcnewsfeed - US hacker sentenced over Bitcoin heist worth billions Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan. (c) - 5d
  • The Hacker News - Bitfinex Hacker Sentenced to 5 Years, Guilty of Laundering $10.5 Billion in Bitcoin - 5d
  • www.bbc.com - US hacker sentenced over Bitcoin heist worth billions Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan. (c) - 5d

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