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Reading: Ilya Lichtenstein Admits His Role in the Bitfinex Bitcoin Theft
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COINTURK NEWS > Cryptocurrency Law > Ilya Lichtenstein Admits His Role in the Bitfinex Bitcoin Theft
Cryptocurrency Law

Ilya Lichtenstein Admits His Role in the Bitfinex Bitcoin Theft

In Brief

  • Ilya Lichtenstein admits to stealing Bitcoin from Bitfinex in 2016.

  • He accepts full responsibility and plans to work in cybersecurity post-incarceration.

  • His wife faces charges of money laundering related to the same case.

Ömer Ergin
Ömer Ergin 6 months ago
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In 2016, Ilya Lichtenstein stole 120,000 Bitcoin $104,726 from the Bitfinex exchange. After pleading guilty last year, he publicly addressed the incident for the first time since his arrest in 2022.

Contents
Admission and Acceptance of ResponsibilityAllegations Against His Wife

Admission and Acceptance of Responsibility

In a five-minute video uploaded to X platform, Lichtenstein admitted to carrying out the attack alone. This statement contradicted speculations from a Netflix documentary suggesting his father’s involvement.

“I acted alone, and I was aware of my mistake. I sincerely apologize for the stress I caused Bitfinex,” – Lichtenstein.

Lichtenstein expressed his intention to work in the cybersecurity field after serving his time. He emphasized a better understanding of cyber threats and a commitment to combating them.

Allegations Against His Wife

Lichtenstein’s wife, Heather Morgan, also known as “Razzlekhan,” accepted charges of money laundering involving Bitcoin. She was sentenced to 18 months in prison, with the value of Bitcoin having significantly increased since 2016.

Furthermore, Lichtenstein claimed that all funds related to the theft had been returned to the appropriate accounts. Contrary to the Netflix documentary, he stated that no stolen funds remained unrecovered. A hearing regarding the repayment process for the Bitfinex theft will take place in February, determining whether the funds will be returned to Bitfinex or its users. Exchange officials argue that they compensated investor losses through tokens issued at the time; thus, the Bitcoin technically belongs to them. However, claims about LEO Coin being fully reclaimed by the exchange after BTC reimbursements could lead to price fluctuations in February.

Finally, it was noted that other cryptocurrency exchanges have faced similar attacks recently, highlighting the importance of security measures. Ilya Lichtenstein apologized to the public and stated that he learned from his mistakes.

For those seeking information about Bitcoin theft, it is crucial to learn protective measures and choose reliable exchanges.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 20 December, 2024 - 6:14 am 20 December, 2024 - 6:14 am
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