A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts. Ilya Lichtenstein pleaded guilty last year in the case involving the Bitfinex cryptocurrency exchange being hacked in 2016 and the theft of almost 120,000 bitcoin.

The value of the bitcoin stolen by hacker Ilya Lichstenstein from Bitfinex in 2016 is worth more than $10 billion now.

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 — has been sentenced to five years in prison.

Bitcoin hacker Ilya Lichtenstein was sentenced on Thursday for his role in a money laundering conspiracy related to the theft of $3.6 billion worth of cryptocurrency from virtual currency exchange Bitfinex,

Ilya Lichtenstein, who pleaded guilty to theft and laundering charges last year, was sentenced to 60 months in prison. He was sentenced for laundering and stealing nearly 120,000 Bitcoin, currently valued at $10.5 billion, from Bitfinex, a global crypto exchange.

Ilya Lichtenstein was sentenced to 60 months for a money laundering conspiracy linked to a 2016 Bitfinex bitcoin theft.

A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts. Ilya Lichtenstein pleaded guilty last year to hacking into the Bitfinex cryptocurrency exchange in 2016 and stealing almost 20,

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.