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By Kanishka Singh
WASHINGTON (Reuters) – A New York expertise entrepreneur was sentenced to 5 years in jail on Thursday after pleading responsible final yr to laundering funds stolen from Bitfinex one of many world’s largest cryptocurrency exchanges, with the assistance of his spouse.
Ilya Lichtenstein, 35, hacked into Bitfinex’s community in 2016, utilizing superior hacking instruments and methods, and stole about 120,000 bitcoin, the U.S. Justice Division mentioned in an announcement.
He and his spouse Heather Morgan, who used the hip-hop alias “Razzklekhan” to advertise her music, had been arrested in February 2022.
The bitcoin was price $71 million on the time of the theft, however had appreciated to greater than $4.5 billion by the point of their arrests.
Deputy Legal professional Normal Lisa Monaco mentioned on the time that the $3.6 billion in belongings that prosecutors recovered from the couple was the most important monetary seizure within the historical past of the U.S. Division of Justice.
Morgan had additionally pleaded responsible final yr to 1 rely of conspiracy to commit cash laundering. Morgan is scheduled to be sentenced on Nov. 18.
Along with his time period of imprisonment, Lichtenstein was ordered to serve three years of supervised launch, the U.S. Justice Division mentioned.
(Reporting by Kanishka Singh; Enhancing by Sandra Maler)
