Bitfinex Hack Mastermind Faces 5 Years in Prison
Bitfinex Bitcoin Hacker Freed Early, Credits Trump-Era Law Prison
Ilya Lichtenstein, convicted for laundering $4.5 billion in Bitcoin stolen from Bitfinex in 2016, has been released early from prison thanks to the Trump-era First Step Act. The high-profile case spotlights the challenges of policing cryptocurrency and enforcing financial crime laws.
Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, is facing a five-year prison sentence for his role in a large-scale money laundering operation. According to Bloomberg, U.S. prosecutors have asked the court to impose this sentence after Lichtenstein’s guilty plea over the theft of roughly 120,000 Bitcoin from the exchange. At the time, the
