Ilya Lichtenstein was sentenced to five years in prison after pleading guilty to his role in the 2016 Bitfinex hack, involving the theft of nearly 120,000 bitcoins.
Lichtenstein used sophisticated hacking tools to breach Bitfinex's network, authorizing over 2,000 fraudulent transactions to transfer nearly 120,000 bitcoins to a wallet he controlled.
Together with his wife, they took extensive measures to cover their tracks, including deleting access logs and using fake identities for laundering stolen funds through various methods.
The recent sentencing of Lichtenstein follows closely after Roman Sterlingov, founder of a mixing service used by Lichtenstein and Morgan, was sentenced for facilitating long-term money laundering.
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