Ilya “Dutch” Lichtenstein has been sentenced to five years in prison for his involvement in the 2016 Bitfinex cryptocurrency hack, one of the largest hacks in history. Prosecutors had charged him with conspiracy to commit money laundering and conspiracy to defraud the US, carrying maximum penalties of 20 and five years, respectively.
However, prosecutors recommended a shorter sentence due to his cooperation in this and other investigations. Lichtenstein’s wife and accomplice, Heather Morgan, awaits sentencing on November 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 Jailed 5 Years for 2016 Bitfinex Hack & Money Laundering first appeared on CoinBuzzFeed.</p>
