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Crypto Crook Gets Off Scot-Free: How the System Let Bitcoin Billionaire Slip Away With Millions

A  illustration of Ilya Lichtenstein sitting on top of a pile of money bags with his hands clasped together, surrounded by broken computer screens and darknet marketplaces in the background. His wife Heather Morgan is shown holding a scale weighing down a large bitcoin block, while a Bitfinex exchange building looms over them both.

Cryptocurrency’s ‘hero’ moment? More like just another example of ‘cooperation’ being used to get a lighter sentence for crypto crooks.

Source: bitcoin.com

U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. Prosecutors are recommending a lighter sentence of 60 months for Ilya Lichtenstein, the hacker who orchestrated one of the largest bitcoin thefts in history. In a filing, they acknowledged Lichtenstein’s substantial […]

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