New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering

New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering

In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to laundering the stolen bitcoin in a Washington, D.C. federal court, with his wife, Heather Morgan, also pleading guilty to related charges.
Groundbreaking Admission: Ilya Lichtenstein Confesses to 2016 Bitfinex Hack
Until the court’s admission on Thursday, the person responsible for the hack from Bitfinex was unknown to the public. Though not charged with the hack itself, Lichtenstein faces a maximum of 20 years in prison for one count of conspiracy to commit money laundering. His wife, Morgan, an aspiring rapper known as “Razzlekahn” could face up to five years. This is the first time the identity of the hacker has been disclosed, with the couple facing significant prison time, as CNBC first reported on the matter.
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