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Notorious Bitcoin Hacker Released Years Early, Credits Trump

Ilya Lichtenstein, the central figure in the 2016 Bitfinex hack involving the theft of 120,000 bitcoin, has been released from federal custody after serving only about 14 months of his five-year sentence. He credited his early release to the First Step Act, a prison-reform law signed by former President Donald Trump in 2018. Lichtenstein, who pleaded guilty to money laundering conspiracy, was placed on home confinement after qualifying for time credits and program participation. The case, which involved billions in stolen crypto assets, saw the recovery of over 90% of the funds by authorities. His release has sparked debate over sentencing fairness in high-value cybercrime cases.

bitcoinist01/05 06:02

Notorious Bitcoin Hacker Released Years Early, Credits Trump

bitcoinist01/05 06:02

Bitfinex Hack Mastermind Released Early From Prison, Credits 2018 Trump Law – Details

Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex hack that stole 119,574 Bitcoin, has been released early from prison after serving 14 months of his five-year sentence. He credited his release to the First Step Act, a 2018 criminal justice reform law signed by former President Donald Trump. The stolen Bitcoin, initially worth $71 million, is now valued at nearly $11 billion. Lichtenstein expressed remorse and pledged to contribute positively to cybersecurity. His wife, Heather Morgan, who was also convicted for laundering the stolen funds and released early under the same law, celebrated their reunion. The couple used sophisticated methods to launder a portion of the stolen cryptocurrency.

bitcoinist01/03 15:13

Bitfinex Hack Mastermind Released Early From Prison, Credits 2018 Trump Law – Details

bitcoinist01/03 15:13

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