According to a report by Bloomberg, Ilya “Dutch” Lichtenstein has been ordered to serve a five-year prison sentence for his involvement in the 2016 hacking of Bitfinex, a cryptocurrency exchange, and subsequent money laundering activities.
This is in line with the recommendation made by prosecutors. Lichtenstein was charged with two counts- conspiracy to commit money laundering and conspiracy to defraud the United States, which carry a maximum sentence of 20 and five years respectively.
However, his sentence was reduced due to his cooperation in not only his own investigation but also others, including his testimony in the Bitcoin Fog case. Lichtenstein’s wife and co-conspirator, Heather Morgan, also known as “Razzlekahn,” will be sentenced on November 18.
Prosecutors have proposed an 18-month sentence for her involvement in the money laundering conspiracy, as her role was smaller.
