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US Justice Department Seeks 5 Years in Prison for Ilya Lichtenstein for Bitfinex Hack and Bitcoin Theft
The US Justice Department is seeking a five-year prison sentence for Ilya Lichtenstein, who is accused of hacking the Bitfinex crypto exchange in 2016 and stealing 120,000 bitcoins. The department said it reduced the sentence because Lichtenstein actively cooperated with the investigation and testified in other investigations, including one against the operator of cryptocurrency mixer Bitcoin Fog earlier this year.
His wife and accomplice, Heather Morgan, will receive a shorter sentence because Lichtenstein was found to be primarily responsible for the Bitfinex hack. According to the case materials, he agreed to compensate for the damage by transferring crypto assets worth more than $6 billion to the Bitfinex crypto exchange.
Liechtenstein was arrested in February 2022 and pleaded guilty to conspiring to illegally obtain funds from Bitfinex in August 2023.
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