A Russian-American man whose theft of thousands of bitcoins was one of the largest in history has been sentenced to five years in a U.S. prison. U.S. prosecutors charged Ilya Lichtenstein with conspiracy and money laundering for his theft of around 120,000 bitcoins from the cryptocurrency exchange Bitfinex in 2016. Worth around $71 million at the time, the bitcoins are now worth 1,000 times that amount. Officials said Lichtenstein, who was born in Russia and raised in the United States, pleaded guilty last year, as did his wife, Heather Morgan, who helped him launder the funds, buying gold coins and shopping gift cards.
Editors' Picks
RFE/RL has been declared an "undesirable organization" by the Russian government.
If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.
To find out more, click here.