Computer Expert Sentenced for Bitcoin Theft

This is a Lichtenstein news story, published by ABC News, that relates primarily to Heather Rhiannon Morgan news.

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money laundering conspiracy

ABC News

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Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

Summary

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78% Informative

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison is sentenced.

Ilya Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange.

He and his wife, Heather Rhiannon Morgan , carried out an elaborate scheme to liquidate the stolen funds.

The couple successfully laundered about 21 percent of the funds stolen from Bitfinex .

A prosecutor said Lichtenstein immediately began cooperating with federal authorities after his arrest, helping them with other cybercrime investigations. Over 96% of the stolen funds have been recovered, with help from Lichtenstein , according to defense attorney Samson Enzer . The “vast bulk” of the stolen money was never spent, the lawyer said. “This is not an evil person,” Enzer said. “This is a good person who made some very bad mistakes.” ___.

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Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech

not hateful