Bitfinex hacker Lichtenstein sentenced to 5 years for hacking incident and subsequent money laundering.

On November 15, it was reported that Ilya "Dutch" Lichtenstein was sentenced to 5 years in prison on November 14 for his involvement in the 2016 Bitfinex exchange hack and subsequent money laundering. The stolen assets were valued at $72 million at the time, equivalent to approximately $10.70 billion at current market value, making it the largest asset seizure by the U.S. government to date. The prosecution recommended a reduced sentence for Lichtenstein due to his cooperative attitude during the investigation. His wife and accomplice, Heather "Razzlekahn" Morgan, is set to be sentenced on November 18, and due to her lesser role in the money laundering conspiracy, the prosecution has recommended an 18-month prison sentence. The couple pleaded guilty to money laundering-related charges in August 2023. According to the U.S. Department of Justice, they laundered money through methods such as cryptocurrency mixers, layered transactions, and dark web markets.