Crypto hacker who stole $11 billion of bitcoin sentenced to prison
Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A hacker has been sentenced to five years in prison for stealing and laundering approximately 120,000 bitcoin – worth more than $11 billion at current prices – from the crypto exchange Bitfinex. Lichtenstein, who gets credit for the two years and nine months that he has spent in jail since his February 2022 arrest, expressed remorse for “wasting my talents on crime instead of a positive contribution to society.” He said he hopes that he can apply his expertise to fight cybercrime when he gets out of prison. An attorney for Bitfinex said the hack “devastated” its finances and its reputation with its customers, with the stolen funds accounting for approximately 36 per cent of the company’s assets at the time of theft. “The defendant spent months attempting to gain access to Bitfinex’s infrastructure and get the accesses and permissions he needed in order to orchestrate his hack.” Additional reporting from agencies.
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