More
    HomeTechnologiesHacker from Russia who stole a record amount of bitcoins is sentenced to five years in prison in the United States

    Hacker from Russia who stole a record amount of bitcoins is sentenced to five years in prison in the United States

    Published on

    Hacker from Russia who stole a record amount of bitcoins is sentenced to five years in prison in the United States

    Ilya Lichtenstein has been sentenced to 5 years in prison for hacking the Bitfinex exchange in 2016. The hacker stole 120,000 bitcoins, the value of which increased from $71 million to almost $10 billion.

    Liechtenstein pleaded guilty last year in the case of hacking the cryptocurrency exchange Bitfinex in 2016.

    Writes UNN with reference to BBC.

    Details

    Ilya Lichtenstein, one of the people who admitted responsibility for hacking the Bitfinex cryptocurrency exchange in 2016, was sentenced to five years in prison.

    Liechtenstein pleaded guilty last year to a case of hacking into the Bitfinex cryptocurrency exchange in 2016 and stealing nearly 120,000 bitcoins.

    At the time, the amount stolen was estimated at $71 million, but later, given the sharp rise in the price of bitcoin, it rose to $4.5 billion.

    Hungarian army procurement agency attacked by international hacker groupNov 14 2024, 01:30 PM • 15193 views

    At today's exchange rate, this amount is close to $10 billion.

    For reference

    Lichtenstein, an entrepreneur and cryptocurrency investor, is a US citizen who was born in Russia and raised in the suburbs of Chicago.

    Bitcoin is the largest and oldest cryptocurrency, i.e. digital money that is not usually backed by any government or banking institution. Transactions are recorded using a technology called the blockchain.

    NuggetNugget

    Ukrainian special services were part of an international law enforcement group that blocked the infrastructure of LockBit hackers.

    Chinese hackers collected audio from calls of Trump campaign adviserOct 28 2024, 07:28 AM • 15338 views

    Latest articles

    Elon Musk's latest chatbot Grok consults his opinion earlier than answering questions

    Elon Musk's latest chatbot Grok consults his opinion earlier than answering questions<p>A brand new...

    Rescuers confirmed the results of the night time Russian assault on town of Lviv

    Rescuers confirmed the results of the night time Russian assault on town of Lviv...

    5 adults and youngster injured in Russian assault on Lviv

    Six folks have sought medical therapy after a Russian nighttime assault on Lviv on...

    Braves’ Austin Riley leaves recreation towards Cardinals with stomach tightness

    ST. LOUIS (AP) Atlanta Braves third baseman Austin Riley exited the sport towards...

    More like this

    Elon Musk&apos;s latest chatbot Grok consults his opinion earlier than answering questions

    Elon Musk's latest chatbot Grok consults his opinion earlier than answering questions<p>A brand new...

    Rescuers confirmed the results of the night time Russian assault on town of Lviv

    Rescuers confirmed the results of the night time Russian assault on town of Lviv...

    5 adults and youngster injured in Russian assault on Lviv

    Six folks have sought medical therapy after a Russian nighttime assault on Lviv on...