HomeBusinessLive news: Hacker gets 5 years in prison over bitcoin ‘heist of...

Live news: Hacker gets 5 years in prison over bitcoin ‘heist of the century’

Rewrite the

A New York man has been sentenced to five years in prison after pleading guilty to a bitcoin theft dubbed the cryptocurrency “heist of the century”, US officials said on Thursday.

Court documents said Ilya Lichtenstein, 35, hacked into the Bitfinex crypto exchange in 2016, and made more than 2,000 transactions to transfer 119,754 bitcoins into his accounts. 

Justice officials said Lichtenstein used “sophisticated [money] laundering techniques”.

Lichtenstein and his wife, Heather Morgan, were arrested in February 2022. While the bitcoins were worth about $70mn at the time of the theft, they were valued at more than $4.5bn when the couple were arrested.

Morgan, who also pleaded guilty, is due to be sentenced on Monday.

in HTML format to make it easy for teens to read and understand. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1000 words. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.

Author: www.ft.com

Orginal Source link

explore more

LEAVE A REPLY

Please enter your comment!
Please enter your name here