Ilya Lichtenstein was sentenced to five years for a money-laundering scheme to conceal stolen cryptocurrency. Lichtenstein hacked Bitfinex in 2016, siphoning off 120,000 bitcoins valued at $70 million. The bitcoin is worth over $10 billion and was partially recovered by the Department of Justice, with plans to return it to rightful owners. Lichtenstein's wife, Heather Morgan, a lesser participant in the scheme, will be sentenced Monday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ilya Lichtenstein was sentenced to five years for a money laundering scheme
00:06to steal stolen cryptocurrency. Lichtenstein hacked Bitfinex in 2016,
00:11siphoning off 120,000 Bitcoin, valued then at $70 million. The Bitcoin is worth over $10 billion
00:18and was partially recovered by the Department of Justice, with plans to return it to the rightful
00:23owners. Lichtenstein's wife, Heather Morgan, a lesser participant in the scheme, will be
00:27sentenced on Monday.
00:28For all things money, visit Benzinga.com slash GSTV.