Ilya Lichtenstein has been sentenced to five years imprisonment for orchestrating the Bitfinex cryptocurrency theft and money laundering.
The theft was a result of a 2016 Bitfinex hack, leading to the illegal transfer of 119,754 Bitcoins worth billions.
Lichtenstein used sophisticated hacking tools and conducted fraudulent transactions, while his wife Heather Morgan assisted in laundering the stolen funds.
The case highlights the severity of cybercrimes, the importance of digital security measures, and the ongoing efforts to combat cryptocurrency theft.