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


Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange before he and his wife carried out an elaborate scheme to liquidate the stolen funds, according to federal prosecutors. — AP

WASHINGTON: 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 – was sentenced on Nov 14 to five years in prison.

Ilya Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange before he and his wife, Heather Rhiannon Morgan, carried out an elaborate scheme to liquidate the stolen funds, according to federal prosecutors.

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