Russian Hacker Ilya Lichtenstein Sentenced in the U.S. for Record Bitcoin Theft
The Story Behind the Bitfinex Hack and Record Bitcoin Theft
In the United States court system recently sentenced a hacker named Ilya Lichtenstein for unlawfully obtaining a significant sum of Bitcoin through unauthorized means at the Bitfinex cryptocurrency platform.
Ilya Lichtenstein is an entrepreneur originally from Russia who has been given a five year prison sentence for hacking into the Bitfinex exchange back in 2016 and stealing 120000 Bitcoins worth $71 million at the time but now valued at close to $10 billion as reported by the BBC on Friday the 15th of November last year when Lichtenstein had already confessed his involvement, in the hacking incident related to Bitfinex. Then the stolen sum was valued at $71 million initially; with Bitcoins value skyrocketting since then it has ballooned to an estimated $10 billion, at todays exchange rate.
Ilya Lichtenstein: From Entrepreneur to Convicted Hacker
Entrepreneur and cryptocurrency investor Ilya Lichtenstein is a U.S citizen, from Russia but raised in the suburbs of Chicago.
How the Value of Stolen Bitcoins Skyrocketed to Nearly $10 Billion
Earlier on experts in cybersecurity at the SBU collaborated with law enforcement authorities, from the United States, the United Kingdom and the European Union to uncover a network of ransomware attackers.
A Ukrainian hacker who is 24 years old has been given a 14 year prison sentence, in the United States.
Shandor Brenner is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.
