A New York computer expert and technology entrepreneur was sentenced on Nov. 14 to five years in prison after pleading guilty last year to stealing nearly 120,000 bitcoin and laundering it for years with the help of his wife.
Ilya Lichtenstein, a 35-year-old U.S. citizen who was born in Russia, hacked into Hong Kong-based Bitfinex’s network in 2016, using “advanced hacking tools and techniques” and stole about 119,754 bitcoin, according to court documents cited by the Department of Justice (DOJ).
The bitcoin was worth $71 million at the time of the hack, according to prosecutors. They said the incident marked one of the largest-ever thefts from a virtual currency exchange in history….