Ilya “Dutch” Lichtenstein has been sentenced to five years in prison for his role in the 2016 Bitfinex cryptocurrency hack and money laundering of stolen funds. His sentence matched the five-year recommendation made by prosecutors, who had charged him with conspiracy to commit money laundering and conspiracy to defraud the US.
Despite the severity of these charges, prosecutors recommended a shorter sentence due to his cooperation in this and other investigations, including his testimony in the Bitcoin Fog case. Lichtenstein’s wife and accomplice, Heather Morgan, known by her rap alias “Razzlekhan”, awaits sentencing on Nov.
18. Prosecutors suggested an 18-month sentence for Morgan, citing her comparatively smaller role in the money-laundering operation. The 2016 hack saw Lichtenstein allegedly steal roughly 120,000 bitcoin, valued at $72 million at the time (now worth around $10.7 billion). The stolen bitcoin represents the largest cryptocurrency seizure in U.S.
government history, according to the Department of Justice.
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<p>The post Ilya Lichtenstein Sentenced to Five Years for Bitfinex Hack and Money Laundering, with Wife Awaiting Sentencing. first appeared on CoinBuzzFeed.</p>
