A hacker was sentenced to five years in prison for his involvement in a money laundering conspiracy arising from the hack and theft of approximately 120,000 bitcoin from global cryptocurrency exchange Bitfinex, the Justice Department announced Thursday.
According to the DOJ, Ilya Lichtenstein hacked into Bitfinex’s network in 2016 and fraudulently authorized more than 2,000 transactions transferring 119,754 bitcoin from Bitfinex to a cryptocurrency wallet in his control. He then took steps to cover his tracks by deleting from Bitfinex’s network his access credentials and other files that could have revealed his conduct to law enforcement. Following the hack, ...
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