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Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

  • Ilya Lichtenstein was sentenced to five years in prison for his involvement in the Bitfinex hack, which drained nearly 120,000 bitcoin in 2016.
  • Lichtenstein and his wife, Heather Rhiannon Morgan, pleaded guilty to a money laundering conspiracy in August 2023.
  • The stolen bitcoin is now valued at $10.5 billion, and Lichtenstein faced a maximum possible sentence of 20 years.
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