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US prosecutors have recommended a five-year prison sentence for Ilya 'Dutch' Lichtenstein, the mastermind behind the 2016 Bitfinex hack, which resulted in the theft of nearly 120,000 bitcoins (120,000 BTC), valued at approximately $6 billion at the time and $7.5 billion today. Lichtenstein, who has pleaded guilty to the hack and a money-laundering conspiracy, is set to be sentenced in November. His wife, Heather 'Razzlekhan' Morgan, who conspired with him to launder the stolen funds, may face a significantly lighter sentence of 18 months. The Department of Justice's recommendation highlights the serious risks associated with managing and securing cryptocurrency assets.
DOJ RECOMMENDS 5-YEAR SENTENCE FOR BITFINEX HACKER ILYA LICHTENSTEIN After pleading guilty to hacking Bitfinex and laundering Bitcoin worth $7.5 billion at today’s value, Ilya Lichtenstein may face up to five years in prison. Lichtenstein’s sentencing will be a key moment in… https://t.co/0hXYeFpgUL
BITFINEX HACKER LIKELY TO FACE 5-YEAR PRISON TERM AFTER $7.5 BILLION BITCOIN LAUNDERING Ilya “Dutch” Lichtenstein, who admitted to hacking Bitfinex and stealing nearly 120,000 Bitcoin, is facing up to five years in prison as prosecutors push for a strong sentence. Along with… https://t.co/MCLreSNxI0
DOJ RECOMMENDS 5-YEAR SENTENCE FOR BITFINEX HACKER ILYA LICHTENSTEIN - Ilya "Dutch" Lichtenstein admitted to hacking @Bitfinex in 2016, stealing nearly 120,000 bitcoins, and conspiring with his wife, Heather "Razzlekhan" Morgan, to launder the stolen funds. - Despite facing a… https://t.co/CjmxgJKhBM
