Crypto hacker who stole and laundered billions of dollars of bitcoin jailed - Ilya Lichtenstein sentenced for theft of $11 billion worth of bitcoin from the Bitfinex crypto exchange

The value of the bitcoin stolen by hacker Ilya Lichstenstein from Bitfinex in 2016 is worth more than $10 billion now.

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison.

Ilya Lichtenstein, who pleaded guilty to the 2016 hack of cryptocurrency stock exchange Bitfinex, has been sentenced to five years in prison, the U.S. Department of Justice (DoJ) announced Thursday.

Ilya Lichtenstein, a hacker responsible for Bitfinex crypto heist, was sentenced to five years in prison on November 14.

A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts. Ilya Lichtenstein pleaded guilty last year in the case involving the Bitfinex cryptocurrency exchange being hacked in 2016 and the theft of almost 120,000 bitcoin.

Lichtenstein’s sentence is expected to serve as a deterrent amid rising concerns over cyber-related financial crimes.

A hacker involved in one of the largest cryptocurrency heists has been sentenced to five years in a U.S. prison for laundering stolen funds. Ilya Lichtenstein admitted to laundering almost 120,000 bitcoin taken from the cryptocurrency exchange Bitfinex in 2016,

A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world's largest cryptocurrency exchanges,

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.