CryptoHack
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Bitfinex Hacker Sentenced to 5 Years for Stealing Nearly 120,000 BTC
Ilya “Dutch” Lichtenstein was sentenced to five years in prison by a federal judge in Washington for stealing billions of dollars’ worth of bitcoin from the Bitfinex cryptocurrency exchange.
According to a Bloomberg report, Lichtenstein received his sentence from the Washington federal court on November 14. This punishment aligns with the prosecutors’ demands, who sought a harsher sentence for the Bitfinex hacker, while recommending a lighter 18-month sentence for his wife, social media rapper Heather “Razzlekhan” Morgan.
Reduced Sentence for Cooperation with Investigators
Under initial sentencing guidelines, Lichtenstein faced up to 20 years in prison. However, his sentence was reduced because he provided substantial assistance to investigators and served as a key witness in several cybercrime cases.
One of the cases in which he testified involved a money-laundering operation connected to a mixing service called Bitcoin Fog in February 2024.
The Theft of Nearly 120,000 Bitcoins from Bitfinex
Together with his wife, Lichtenstein hacked into Bitfinex and stole approximately 119,754 bitcoins. At the time of the theft, these bitcoins were valued at $71 million. However, due to the recent bitcoin rally, where the cryptocurrency’s price reached as high as $93,000, the stolen bitcoins are now worth over $10.5 billion. Currently, bitcoin is trading around $88,158.
Lichtenstein, described as a “highly skilled computer expert,” hacked into Bitfinex in 2016. He then authorized over 2,000 transactions to transfer the bitcoins into a cryptocurrency wallet he controlled. In addition to the Bitfinex hack, Lichtenstein has a history of compromising accounts on other major crypto platforms, including Coinbase and Kraken.
Morgan’s Role in Hiding the Stolen Bitcoins
Morgan claimed that she learned about her husband’s theft from Bitfinex in 2020. She then helped him hide the stolen bitcoins through various methods, including purchases of NFTs, gold, and Walmart gift cards.
Prosecutors also stated that the couple used sophisticated money-laundering techniques to make their funds untraceable. They reportedly withdrew and deposited funds on unregulated crypto exchanges and darknet markets.
Morgan Awaits Sentencing
Morgan is set to be sentenced on November 18. Like her husband, she may receive a reduced sentence due to her cooperation with authorities. However, she still faces up to five years in prison for conspiracy to defraud the United States.
#cybercrime , #CryptoSecurity , #CryptoHack , #Cryptoscam , #hackers
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
According to a Bloomberg report, Lichtenstein received his sentence from the Washington federal court on November 14. This punishment aligns with the prosecutors’ demands, who sought a harsher sentence for the Bitfinex hacker, while recommending a lighter 18-month sentence for his wife, social media rapper Heather “Razzlekhan” Morgan.
Reduced Sentence for Cooperation with Investigators
Under initial sentencing guidelines, Lichtenstein faced up to 20 years in prison. However, his sentence was reduced because he provided substantial assistance to investigators and served as a key witness in several cybercrime cases.
One of the cases in which he testified involved a money-laundering operation connected to a mixing service called Bitcoin Fog in February 2024.
The Theft of Nearly 120,000 Bitcoins from Bitfinex
Together with his wife, Lichtenstein hacked into Bitfinex and stole approximately 119,754 bitcoins. At the time of the theft, these bitcoins were valued at $71 million. However, due to the recent bitcoin rally, where the cryptocurrency’s price reached as high as $93,000, the stolen bitcoins are now worth over $10.5 billion. Currently, bitcoin is trading around $88,158.
Lichtenstein, described as a “highly skilled computer expert,” hacked into Bitfinex in 2016. He then authorized over 2,000 transactions to transfer the bitcoins into a cryptocurrency wallet he controlled. In addition to the Bitfinex hack, Lichtenstein has a history of compromising accounts on other major crypto platforms, including Coinbase and Kraken.
Morgan’s Role in Hiding the Stolen Bitcoins
Morgan claimed that she learned about her husband’s theft from Bitfinex in 2020. She then helped him hide the stolen bitcoins through various methods, including purchases of NFTs, gold, and Walmart gift cards.
Prosecutors also stated that the couple used sophisticated money-laundering techniques to make their funds untraceable. They reportedly withdrew and deposited funds on unregulated crypto exchanges and darknet markets.
Morgan Awaits Sentencing
Morgan is set to be sentenced on November 18. Like her husband, she may receive a reduced sentence due to her cooperation with authorities. However, she still faces up to five years in prison for conspiracy to defraud the United States.
#cybercrime , #CryptoSecurity , #CryptoHack , #Cryptoscam , #hackers
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Notorious North Korean hacking entity, the Lazarus Group, is suspected to be the face behind the Poloniex hacking incident that saw more than $100 million siphoned.
#Crypto #CryptoHack #CryptoNews🔒📰🚫
#Crypto #CryptoHack #CryptoNews🔒📰🚫
🔐 Bitcoin User Reports Hack After Record $3 Million Transaction Fee
In an unprecedented turn of events, a Bitcoin user has come forward, claiming to be the victim of a hack linked to the recent record-breaking $3.1 million transaction fee. Here are the key details:
💸 The High-Stakes Transaction:
Last week, a Bitcoin user unintentionally paid a staggering 83.65 BTC transaction fee, shattering previous records and raising eyebrows in the crypto community. This incident surpassed the previous record fee of $500,000 paid in September.
🕵️ The Victim's Account:
The alleged victim, operating under the moniker "@83_5BTC," created a new account to share their side of the story. Claiming ownership of the funds involved, they detailed a suspicious transfer of 139 BTC from a new cold wallet, promptly moved to another address. The user speculated that a script with an unusual fee calculation might have been at play.
To substantiate their claim, "@83_5BTC" signed a message declaring ownership of the funds that paid the exorbitant fee. The signature was verified by notable figures in the crypto space, including Mononaut and Jameson Lopp. However, the caveat remains – if the wallet is compromised, the message could have been signed by an attacker.
⚖️ Uncharted Territory: Seeking Resolution:
The transaction, mined by AntPool, has raised questions about potential reimbursement similar to the "fat finger" incident in September. The mining pool, AntPool, would need to establish a way to verify the victim's identity if a reimbursement agreement is considered.
🔗 Stay Connected with The Blockopedia for Real-time Crypto Updates!
#CryptoHack #BTC/Update: #crypto #cryptocurrency #crypto2023
In an unprecedented turn of events, a Bitcoin user has come forward, claiming to be the victim of a hack linked to the recent record-breaking $3.1 million transaction fee. Here are the key details:
💸 The High-Stakes Transaction:
Last week, a Bitcoin user unintentionally paid a staggering 83.65 BTC transaction fee, shattering previous records and raising eyebrows in the crypto community. This incident surpassed the previous record fee of $500,000 paid in September.
🕵️ The Victim's Account:
The alleged victim, operating under the moniker "@83_5BTC," created a new account to share their side of the story. Claiming ownership of the funds involved, they detailed a suspicious transfer of 139 BTC from a new cold wallet, promptly moved to another address. The user speculated that a script with an unusual fee calculation might have been at play.
To substantiate their claim, "@83_5BTC" signed a message declaring ownership of the funds that paid the exorbitant fee. The signature was verified by notable figures in the crypto space, including Mononaut and Jameson Lopp. However, the caveat remains – if the wallet is compromised, the message could have been signed by an attacker.
⚖️ Uncharted Territory: Seeking Resolution:
The transaction, mined by AntPool, has raised questions about potential reimbursement similar to the "fat finger" incident in September. The mining pool, AntPool, would need to establish a way to verify the victim's identity if a reimbursement agreement is considered.
🔗 Stay Connected with The Blockopedia for Real-time Crypto Updates!
#CryptoHack #BTC/Update: #crypto #cryptocurrency #crypto2023
🔐📉 Kronos Research, a Taiwanese cryptocurrency company, faces a $26 million hacking incident involving unauthorized API key access, temporarily impacting cryptocurrency liquidity provider Woo Network (WOO) and resulting in the theft of over 12,000 Ethereum. Kronos Research acknowledges the security breach, suspends transactions, and initiates an internal investigation, pledging to compensate for all losses without harm to partners. 🚫💼💰 #KronosResearch #CryptoHack #SecurityBreach #Compensation
🚨#BREAKING : Japanese crypto exchange DMM Bitcoin has been hacked, resulting in the loss of 4,502.89 $BTC , valued at $305M.
Per lookonchain: The hacker has moved the stolen $BTC to 10 different addresses. (In Comments)
#CryptoHack #Bitcoin
Per lookonchain: The hacker has moved the stolen $BTC to 10 different addresses. (In Comments)
#CryptoHack #Bitcoin
🕵️ KyberSwap hacker's address identified! 💻🔍 1,000 ETH transferred to Tornado Cash; Security firm Pecshield deals with $48.8M hack damage. 💰🔒 #CyberSecurity #CryptoHack
🕵️♂️ Hacker of KyberSwap, part of Kyber Network (KNC), sends message via Ethereum transaction: "Stolen funds to be returned on Nov 30." Negotiations with the project continue; $47M stolen, $4.67M already returned. 🛡️💼 #KyberSwap #CryptoHack #SecurityUpdate
🚨💥 _Crypto Crime Crackdown!_ 🤯
_Binance Freezes $5M in Stolen Funds from BtcTurk Hack!_ ❄️
_Turkish Exchange Hit by $54M Heist, Binance Steps In_ 📊
_Frozen Assets Part of Efforts to Recover Loot and Limit Hack's Damage_ 💪
_Crypto Community Cheers Binance's Quick Action!_ 🙌
_Hope for Victims of BtcTurk Hack!_ 💡
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Binance #BtcTurk #CryptoHack #StolenFunds #apCryptoCalls
$BTC
_Binance Freezes $5M in Stolen Funds from BtcTurk Hack!_ ❄️
_Turkish Exchange Hit by $54M Heist, Binance Steps In_ 📊
_Frozen Assets Part of Efforts to Recover Loot and Limit Hack's Damage_ 💪
_Crypto Community Cheers Binance's Quick Action!_ 🙌
_Hope for Victims of BtcTurk Hack!_ 💡
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Binance #BtcTurk #CryptoHack #StolenFunds #apCryptoCalls
$BTC
Binance Under Siege: $22M Hack—Inside Job or Sophisticated Cybercrime? 🚀
A dark day for the crypto world. Binance, the largest crypto exchange, has been rocked by a massive $22 million hack, leading to service suspensions and widespread chaos. 💥
Is this breach the work of a global cybercrime syndicate, or could it be a shocking betrayal from within? 🤯 The incident mirrors past breaches like the WazirX hack, raising serious questions about the safety of digital assets.
The crypto community is demanding accountability, transparency, and stronger security measures. The stakes have never been higher. As we work to uncover the truth, your security remains our top priority.
Stay tuned for updates.
#Binance #CryptoHack #CyberAttack #BlockchainSecurity
A dark day for the crypto world. Binance, the largest crypto exchange, has been rocked by a massive $22 million hack, leading to service suspensions and widespread chaos. 💥
Is this breach the work of a global cybercrime syndicate, or could it be a shocking betrayal from within? 🤯 The incident mirrors past breaches like the WazirX hack, raising serious questions about the safety of digital assets.
The crypto community is demanding accountability, transparency, and stronger security measures. The stakes have never been higher. As we work to uncover the truth, your security remains our top priority.
Stay tuned for updates.
#Binance #CryptoHack #CyberAttack #BlockchainSecurity
Alert ALERT
🔴 Billions of SHIB Tokens Stolen from Major Exchange!
🔥 Massive Security Breach at Indodax, Indonesia’s Largest Crypto Exchange
Indodax, Indonesia's oldest and largest cryptocurrency exchange, has experienced a major security breach. Approximately $22 million worth of cryptocurrency, including 9 billion SHIB tokens, was stolen in this shocking attack. This incident has raised significant concerns among crypto enthusiasts regarding the safety of their funds. Here’s what we know so far:
🛑 Key Details of the Hack:
💰 Total funds stolen: $22 million
🐕 Stolen SHIB tokens: 9 billion SHIB among the affected assets
📉 Other affected tokens: Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Chainlink (LINK)
🔄 Conversion of stolen funds: The hacker has converted most of the crypto into BTC and ETH
⚙️ Exchange’s Response: William Sutanto, co-founder of Indodax, confirmed that the platform is taking swift action to cover all losses. Investigations are ongoing, with blockchain security firm SlowMist ruling out a hot wallet breach. Instead, the vulnerability may have involved the exchange's withdrawal system.
⚡ Past Breaches and Security Concerns: This is not the first time Indodax has faced a security breach. In 2018, rumors circulated that the exchange was targeted by the North Korean Lazarus Group, resulting in a $25 million loss. Could history be repeating itself?
🔎 Recent Crypto Hacks: In a related incident, the infamous WarizX hacker, who stole $100 million in SHIB tokens, resurfaced recently. He laundered over $30 million worth of ETH in just eight days, underscoring the growing security risks in the crypto space.
🛡️ Stay Safe and Secure! With incidents like this on the rise, it's more important than ever to secure your crypto assets. Always use hardware wallets, enable two-factor authentication (2FA), and remain vigilant to avoid falling victim to similar hacks.
💬 Share your thoughts on this breach and your security tips in the comments below!
🔥 Massive Security Breach at Indodax, Indonesia’s Largest Crypto Exchange
Indodax, Indonesia's oldest and largest cryptocurrency exchange, has experienced a major security breach. Approximately $22 million worth of cryptocurrency, including 9 billion SHIB tokens, was stolen in this shocking attack. This incident has raised significant concerns among crypto enthusiasts regarding the safety of their funds. Here’s what we know so far:
🛑 Key Details of the Hack:
💰 Total funds stolen: $22 million
🐕 Stolen SHIB tokens: 9 billion SHIB among the affected assets
📉 Other affected tokens: Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Chainlink (LINK)
🔄 Conversion of stolen funds: The hacker has converted most of the crypto into BTC and ETH
⚙️ Exchange’s Response: William Sutanto, co-founder of Indodax, confirmed that the platform is taking swift action to cover all losses. Investigations are ongoing, with blockchain security firm SlowMist ruling out a hot wallet breach. Instead, the vulnerability may have involved the exchange's withdrawal system.
⚡ Past Breaches and Security Concerns: This is not the first time Indodax has faced a security breach. In 2018, rumors circulated that the exchange was targeted by the North Korean Lazarus Group, resulting in a $25 million loss. Could history be repeating itself?
🔎 Recent Crypto Hacks: In a related incident, the infamous WarizX hacker, who stole $100 million in SHIB tokens, resurfaced recently. He laundered over $30 million worth of ETH in just eight days, underscoring the growing security risks in the crypto space.
🛡️ Stay Safe and Secure! With incidents like this on the rise, it's more important than ever to secure your crypto assets. Always use hardware wallets, enable two-factor authentication (2FA), and remain vigilant to avoid falling victim to similar hacks.
💬 Share your thoughts on this breach and your security tips in the comments below!
🚨 #Crypto hacks decreased by 54.2% in June compared to May, with losses totaling $176 million.
This drop follows a peak in May when $385 million was lost. The #BtcTurk exchange experienced the largest single hack, losing over $100 million.
#CryptoHack #cryptohacks #TrendingTopic
This drop follows a peak in May when $385 million was lost. The #BtcTurk exchange experienced the largest single hack, losing over $100 million.
#CryptoHack #cryptohacks #TrendingTopic
Massive $128 Million Hack Shakes Crypto Exchange
$BTC $ETH
FixedFloat, an automated cryptocurrency exchange, suffered a significant security breach, losing $128 million in Bitcoin and Ethereum. Despite the massive loss, the exchange assured that customer funds remain secure, attributing the financial hit solely to its service. The hack, quickly executed by cybercriminals, has sparked urgent investigations and a temporary shutdown of FixedFloat's online presence.
#write2earn #CryptoHack #FixedFloat
$BTC $ETH
FixedFloat, an automated cryptocurrency exchange, suffered a significant security breach, losing $128 million in Bitcoin and Ethereum. Despite the massive loss, the exchange assured that customer funds remain secure, attributing the financial hit solely to its service. The hack, quickly executed by cybercriminals, has sparked urgent investigations and a temporary shutdown of FixedFloat's online presence.
#write2earn #CryptoHack #FixedFloat
🟢How to protect your wallet from hacking?
🌞We previously discussed the importance of security in the crypto market. Now we will share information on how you can check the security of your wallet and reduce the risk of it being hacked. Several platforms will help us with this.
🌞1. De.Fi - using this service, you can check the balance of your wallet on all available networks. In addition, you can view contracts that were previously signed on various dubious sites and cancel signed transactions to protect yourself from hacking on these same platforms.
🌞2. Revoke. cash is a similar service that allows you to cancel signed transactions on your wallet and sometimes provides more detailed information than De.Fi.
❓ Why cancel signed transactions?
🌞When you sign a transaction on any DeFi platform, you automatically put your wallet at risk. If such a platform is hacked, attackers will likely target users who have previously used it.
🌞There have been numerous cases where people who were using a "trusted" decentralized exchange a few years ago found themselves hacked and lost their money without any chance of getting it back. Based on this, we recommend that you cancel all “dubious” approvals and sleep peacefull
#CryptoHack #CryptoNews🔒📰🚫
🌞We previously discussed the importance of security in the crypto market. Now we will share information on how you can check the security of your wallet and reduce the risk of it being hacked. Several platforms will help us with this.
🌞1. De.Fi - using this service, you can check the balance of your wallet on all available networks. In addition, you can view contracts that were previously signed on various dubious sites and cancel signed transactions to protect yourself from hacking on these same platforms.
🌞2. Revoke. cash is a similar service that allows you to cancel signed transactions on your wallet and sometimes provides more detailed information than De.Fi.
❓ Why cancel signed transactions?
🌞When you sign a transaction on any DeFi platform, you automatically put your wallet at risk. If such a platform is hacked, attackers will likely target users who have previously used it.
🌞There have been numerous cases where people who were using a "trusted" decentralized exchange a few years ago found themselves hacked and lost their money without any chance of getting it back. Based on this, we recommend that you cancel all “dubious” approvals and sleep peacefull
#CryptoHack #CryptoNews🔒📰🚫
🚨 Unprecedented Hacker Ultimatum: KyberSwap Faces Startling Demands After $50 Million Breach
🔒 Security Breach Update: The Fallout and Hacker's Audacious Demands Revealed
In the aftermath of the recent $50 million breach on KyberSwap, a multi-chain decentralized exchange (DEX) aggregator, the hacker, self-identified as "Kyber Director," has shocked the crypto community by issuing extraordinary demands via an Ethereum blockchain transaction.
🤯 Unparalleled Demands: A Hacker's Bold Proposition
The demands set forth by the hacker are unlike any seen in the history of cryptocurrency breaches. "Kyber Director" is demanding complete executive control over Kyber, the company, and full authority over its governance mechanism, KyberDAO.
📜 Ultimatum Details: Surrender and Transformation
The hacker's demands include the surrender of all company assets—both on-chain and off-chain—encompassing shares, equity, tokens, partnerships, and intellectual property.
💰 Compensation and Assurance for Stakeholders
Remarkably, the hacker offers to buy out executives at a fair valuation, double the salaries of remaining employees, and provide a 12-month severance package for those choosing to leave. Token holders and investors are assured that their tokens will retain value, and liquidity providers (LPs) are offered a 50% rebate on recent losses.
⏰ Deadline Looms: Dec. 10 Decision Point
The hacker has set a deadline of December 10 for these demands to be met, emphasizing that failure to comply will result in the withdrawal of the proposal.
💼 Background on the $47 Million Attack
KyberSwap suffered a significant smart contract reentrancy attack on November 23, resulting in a staggering loss of approximately $47 million across multiple networks.
🛡️ Mitigation Efforts Underway
In response to the breach, Kyber Network has been actively working to mitigate future risks and enhance the platform's security.
📈 Stay Informed, Stay Secure: Follow The Blockopedia for Real-time Updates!
#CryptoHack #BinanceCEO #crypto #cryptocurrency #crypto2023
🔒 Security Breach Update: The Fallout and Hacker's Audacious Demands Revealed
In the aftermath of the recent $50 million breach on KyberSwap, a multi-chain decentralized exchange (DEX) aggregator, the hacker, self-identified as "Kyber Director," has shocked the crypto community by issuing extraordinary demands via an Ethereum blockchain transaction.
🤯 Unparalleled Demands: A Hacker's Bold Proposition
The demands set forth by the hacker are unlike any seen in the history of cryptocurrency breaches. "Kyber Director" is demanding complete executive control over Kyber, the company, and full authority over its governance mechanism, KyberDAO.
📜 Ultimatum Details: Surrender and Transformation
The hacker's demands include the surrender of all company assets—both on-chain and off-chain—encompassing shares, equity, tokens, partnerships, and intellectual property.
💰 Compensation and Assurance for Stakeholders
Remarkably, the hacker offers to buy out executives at a fair valuation, double the salaries of remaining employees, and provide a 12-month severance package for those choosing to leave. Token holders and investors are assured that their tokens will retain value, and liquidity providers (LPs) are offered a 50% rebate on recent losses.
⏰ Deadline Looms: Dec. 10 Decision Point
The hacker has set a deadline of December 10 for these demands to be met, emphasizing that failure to comply will result in the withdrawal of the proposal.
💼 Background on the $47 Million Attack
KyberSwap suffered a significant smart contract reentrancy attack on November 23, resulting in a staggering loss of approximately $47 million across multiple networks.
🛡️ Mitigation Efforts Underway
In response to the breach, Kyber Network has been actively working to mitigate future risks and enhance the platform's security.
📈 Stay Informed, Stay Secure: Follow The Blockopedia for Real-time Updates!
#CryptoHack #BinanceCEO #crypto #cryptocurrency #crypto2023
The U.S. government recently seized #Bitcoin and Tether linked to the North Korean Lazarus Group, a hacking group responsible for stealing nearly $879 million through various cyberattacks between 2021 and 2022. The Lazarus Group, known for its connections to North Korea’s military, is accused of carrying out several high-profile crypto heists, including attacks on entities in the U.S., Singapore, and Japan.
Among the assets seized are approximately $1.7 million in Tether and 15.5 Avalanche-bridged Bitcoin (worth around $971,000), which were linked to the group’s involvement in the hacks of platforms such as the Deribit exchange and Stake.com. The group utilized crypto mixers like Tornado Cash to launder stolen funds, converting Ethereum into stablecoins and moving the assets across blockchain bridges. U.S. authorities managed to trace and freeze a portion of these funds as they moved through various laundering stages.
This seizure is part of a broader effort to crack down on the group's operations, which include numerous crypto hacks, such as the WazirX hack in 2024, further linking the Lazarus Group to major crypto thefts worldwide
#CryptoHack #bitcoin☀️ #U.S.UnemploymentNewLow #HBODocumentarySatoshiRevealed
Among the assets seized are approximately $1.7 million in Tether and 15.5 Avalanche-bridged Bitcoin (worth around $971,000), which were linked to the group’s involvement in the hacks of platforms such as the Deribit exchange and Stake.com. The group utilized crypto mixers like Tornado Cash to launder stolen funds, converting Ethereum into stablecoins and moving the assets across blockchain bridges. U.S. authorities managed to trace and freeze a portion of these funds as they moved through various laundering stages.
This seizure is part of a broader effort to crack down on the group's operations, which include numerous crypto hacks, such as the WazirX hack in 2024, further linking the Lazarus Group to major crypto thefts worldwide
#CryptoHack #bitcoin☀️ #U.S.UnemploymentNewLow #HBODocumentarySatoshiRevealed
Bitfinex Hacker Could Get 5 Years in Prison for Stealing 120,000 BTC: Feds
Ilya Lichtenstein, who stole 120,000 bitcoins during the 2016 Bitfinex hack, could face a reduced sentence of five years in prison, according to prosecutors.
Request for a Reduced Sentence
U.S. prosecutors are pushing for Lichtenstein, who admitted to stealing the bitcoins, to receive 5 years in prison instead of the originally proposed 20 years. In a filing dated October 15, prosecutors told the Washington D.C. federal court that Lichtenstein should receive a lighter sentence due to having no prior criminal record and for providing substantial assistance in various investigations.
Assistance with Investigations
Prosecutors emphasized that Lichtenstein cooperated with authorities and helped in recovering the stolen funds. Despite laundering only 25,111 bitcoins out of the 120,000, his attempts to cover his tracks did not impede the investigation.
Sentence for Wife Heather Morgan
Earlier this month, prosecutors also requested a lighter sentence for Lichtenstein’s wife, Heather Morgan, who played a role in laundering the stolen cryptocurrency. They proposed a sentence of 18 months in prison for her, citing her cooperation with the authorities.
Need for a Higher Sentence
Despite Lichtenstein’s cooperation, prosecutors are seeking a higher sentence for him than for Morgan. They argue that Lichtenstein spent months planning the hack and was involved in other financial schemes, such as stealing $200,000 from another cryptocurrency exchange. A harsher sentence, they believe, is necessary to deter future crimes.
Return of Cryptocurrency and Impact on Victims
Prosecutors are also asking the court to order the return of the seized cryptocurrency found in Lichtenstein’s wallet. The assets include approximately 95,000 bitcoins, 117,400 bitcoin Cash, 117,400 bitcoin Satoshi Vision (BSV), and 118,100 bitcoin Gold, with a current value of over $6 billion.
Lichtenstein was originally suspected only of laundering the proceeds of the hack, but he later confessed to being the hacker himself.
Sentencing
Lichtenstein’s sentencing is scheduled for November 14, while his wife, Heather Morgan, will be sentenced the following day on November 15.
#CryptoHack , #Bitfinex , #cybercrime , #Cryptoscam , #CryptoNews🚀🔥
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Request for a Reduced Sentence
U.S. prosecutors are pushing for Lichtenstein, who admitted to stealing the bitcoins, to receive 5 years in prison instead of the originally proposed 20 years. In a filing dated October 15, prosecutors told the Washington D.C. federal court that Lichtenstein should receive a lighter sentence due to having no prior criminal record and for providing substantial assistance in various investigations.
Assistance with Investigations
Prosecutors emphasized that Lichtenstein cooperated with authorities and helped in recovering the stolen funds. Despite laundering only 25,111 bitcoins out of the 120,000, his attempts to cover his tracks did not impede the investigation.
Sentence for Wife Heather Morgan
Earlier this month, prosecutors also requested a lighter sentence for Lichtenstein’s wife, Heather Morgan, who played a role in laundering the stolen cryptocurrency. They proposed a sentence of 18 months in prison for her, citing her cooperation with the authorities.
Need for a Higher Sentence
Despite Lichtenstein’s cooperation, prosecutors are seeking a higher sentence for him than for Morgan. They argue that Lichtenstein spent months planning the hack and was involved in other financial schemes, such as stealing $200,000 from another cryptocurrency exchange. A harsher sentence, they believe, is necessary to deter future crimes.
Return of Cryptocurrency and Impact on Victims
Prosecutors are also asking the court to order the return of the seized cryptocurrency found in Lichtenstein’s wallet. The assets include approximately 95,000 bitcoins, 117,400 bitcoin Cash, 117,400 bitcoin Satoshi Vision (BSV), and 118,100 bitcoin Gold, with a current value of over $6 billion.
Lichtenstein was originally suspected only of laundering the proceeds of the hack, but he later confessed to being the hacker himself.
Sentencing
Lichtenstein’s sentencing is scheduled for November 14, while his wife, Heather Morgan, will be sentenced the following day on November 15.
#CryptoHack , #Bitfinex , #cybercrime , #Cryptoscam , #CryptoNews🚀🔥
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 Major Crypto Hack: FixedFloat Breach Results in $26 Million Theft
In a significant security breach, FixedFloat, a cryptocurrency exchange, has fallen victim to one of the biggest crypto hacks of 2024. Approximately 1,728 Ether (ETH), valued at $4.85 million, and 409 Bitcoins (BTC), worth around $21 million, were stolen. The exact method of the attack remains unknown, but it might involve phishing, social engineering, or exploiting vulnerabilities in the platform's systems.
Investigations are ongoing to track the stolen funds and understand the breach's specifics. This incident underscores the critical need for enhanced security measures within the crypto exchange ecosystem.
$BTC #BTC
#CryptoHack #FixedFloat #Security
In a significant security breach, FixedFloat, a cryptocurrency exchange, has fallen victim to one of the biggest crypto hacks of 2024. Approximately 1,728 Ether (ETH), valued at $4.85 million, and 409 Bitcoins (BTC), worth around $21 million, were stolen. The exact method of the attack remains unknown, but it might involve phishing, social engineering, or exploiting vulnerabilities in the platform's systems.
Investigations are ongoing to track the stolen funds and understand the breach's specifics. This incident underscores the critical need for enhanced security measures within the crypto exchange ecosystem.
$BTC #BTC
#CryptoHack #FixedFloat #Security
Coinbase Layer 2 Chain Base Attacked, Approximately $1 Million Lost
The Layer 2 "Base" network on the Coinbase platform has been the target of a large-scale price manipulation attack. This attack focused on an unverified loan contract, leading to a loss of approximately $1 million.
CertiK Warned of the Attack
Early this morning, CertiK Alert monitoring system informed users on the X platform about the ongoing attack. According to the report, the attack targeted the Base chain and affected an unverified loan contract starting with the address 0x5c52.
According to CertiK’s post on X: "The exploiter manipulated the price of WETH and Sui and gained approximately $1 million in tokens through excessive borrowing." CertiK also noted that the oracle used to verify this loan contract, which was deployed only six days ago, has a liquidity of only around $400,000.
Repeated Contract Manipulation Incident
This attack marks the second similar incident in the last two days. On October 24, suspicious transactions were detected on the Polygon network, affecting an unverified NAS contract with the address 0x5d6084Bf..F36Ac7. In that case, the attacker obtained a large amount of NAS tokens, which were later exchanged for USDT.
Base Has Yet to Comment
The Base platform has not yet commented on the incident. However, on October 30, Base announced the launch of Fault Proofs, which aims to provide a more secure environment by removing trusted third parties. The new update will also allow users to monitor and challenge invalid withdrawals.
#hackers , #cyberattacks , #CoinbaseExchange. , #cybersecurity , #CryptoHack
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
CertiK Warned of the Attack
Early this morning, CertiK Alert monitoring system informed users on the X platform about the ongoing attack. According to the report, the attack targeted the Base chain and affected an unverified loan contract starting with the address 0x5c52.
According to CertiK’s post on X: "The exploiter manipulated the price of WETH and Sui and gained approximately $1 million in tokens through excessive borrowing." CertiK also noted that the oracle used to verify this loan contract, which was deployed only six days ago, has a liquidity of only around $400,000.
Repeated Contract Manipulation Incident
This attack marks the second similar incident in the last two days. On October 24, suspicious transactions were detected on the Polygon network, affecting an unverified NAS contract with the address 0x5d6084Bf..F36Ac7. In that case, the attacker obtained a large amount of NAS tokens, which were later exchanged for USDT.
Base Has Yet to Comment
The Base platform has not yet commented on the incident. However, on October 30, Base announced the launch of Fault Proofs, which aims to provide a more secure environment by removing trusted third parties. The new update will also allow users to monitor and challenge invalid withdrawals.
#hackers , #cyberattacks , #CoinbaseExchange. , #cybersecurity , #CryptoHack
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨🚨🚨 Billions of SHIB Tokens Stolen from Major Exchange! 🚨🚨🚨
🔥 Massive Security Breach on Indodax, Indonesia’s Largest Exchange! 🔥
The oldest and largest crypto exchange in Indonesia, Indodax, has suffered a major hack, with $22 million worth of crypto stolen, including 9 billion SHIB tokens! 😱 This shocking attack has left many crypto enthusiasts concerned about the security of their funds. Here's what we know so far: 👇
🔐 Key Details of the Hack:
- Hacker’s Haul: A total of $22 million in stolen funds
- Stolen SHIB Tokens: 9 billion SHIB tokens among the affected assets 💸
- Other Tokens Affected: Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Chainlink (LINK)
- Conversion of Stolen Funds: The hacker has already converted most of the stolen crypto into BTC and ETH 🪙
🚨 Exchange’s Response 🚨
William Sutanto, co-founder of Indodax, has confirmed that the platform is taking swift action to cover all losses. Investigations are underway, with blockchain security firm SlowMist ruling out the possibility of a hot wallet breach. Instead, the withdrawal system may have been compromised. 🔍
⚠️ Past Breaches and Security Concerns ⚠️
This isn’t the first time Indodax has faced a security breach. In 2018, the exchange was rumored to be the victim of a North Korean Lazarus Group hack, losing $25 million. Could history be repeating itself?
🔍 More Hacks in the Crypto World:
Recently, the notorious WarizX hacker who stole $100 million SHIB tokens reappeared, laundering over $30 million worth of ETH in just eight days! The stakes in the crypto space continue to rise, as security challenges grow. ⚡
💥 Stay Safe and Secure!
With such incidents on the rise, it’s more important than ever to secure your crypto assets. Always use hardware wallets, enable 2FA, and stay vigilant to avoid falling victim to similar hacks!
👇 What are your thoughts on this breach? Share your security tips in the comments! 👇
#SHIB #CryptoHack #BlockchainSecurity #DOGSONBINANCE #CPI_BTC_Watch
The oldest and largest crypto exchange in Indonesia, Indodax, has suffered a major hack, with $22 million worth of crypto stolen, including 9 billion SHIB tokens! 😱 This shocking attack has left many crypto enthusiasts concerned about the security of their funds. Here's what we know so far: 👇
🔐 Key Details of the Hack:
- Hacker’s Haul: A total of $22 million in stolen funds
- Stolen SHIB Tokens: 9 billion SHIB tokens among the affected assets 💸
- Other Tokens Affected: Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Chainlink (LINK)
- Conversion of Stolen Funds: The hacker has already converted most of the stolen crypto into BTC and ETH 🪙
🚨 Exchange’s Response 🚨
William Sutanto, co-founder of Indodax, has confirmed that the platform is taking swift action to cover all losses. Investigations are underway, with blockchain security firm SlowMist ruling out the possibility of a hot wallet breach. Instead, the withdrawal system may have been compromised. 🔍
⚠️ Past Breaches and Security Concerns ⚠️
This isn’t the first time Indodax has faced a security breach. In 2018, the exchange was rumored to be the victim of a North Korean Lazarus Group hack, losing $25 million. Could history be repeating itself?
🔍 More Hacks in the Crypto World:
Recently, the notorious WarizX hacker who stole $100 million SHIB tokens reappeared, laundering over $30 million worth of ETH in just eight days! The stakes in the crypto space continue to rise, as security challenges grow. ⚡
💥 Stay Safe and Secure!
With such incidents on the rise, it’s more important than ever to secure your crypto assets. Always use hardware wallets, enable 2FA, and stay vigilant to avoid falling victim to similar hacks!
👇 What are your thoughts on this breach? Share your security tips in the comments! 👇
#SHIB #CryptoHack #BlockchainSecurity #DOGSONBINANCE #CPI_BTC_Watch
What do you think is the biggest takeaway from the WazirX hack incident?
#CryptoHack #WazirX #CryptoSecurity #Blockchain #Cryptocurrency
#CryptoHack #WazirX #CryptoSecurity #Blockchain #Cryptocurrency
Better security needed
50%
Essential regulations
0%
Declining trust in CEX
50%
Other (comment
0%
6 votes • Voting closed