The mastermind behind the infamous 2016 Bitfinex security breach, Ilya Lichtenstein, has been released ahead of schedule. His early release came thanks to sentence reductions granted under the First Step Act, landmark criminal justice reform legislation signed by President Trump in 2018. Lichtenstein had been sentenced to five years in prison last November after pleading guilty to laundering approximately 120,000 Bitcoin—worth roughly $4.5 billion at the time of his sentencing. The case marked one of cryptocurrency's most significant law enforcement victories, demonstrating authorities' growing capability to track and prosecute large-scale digital asset theft across years and multiple jurisdictions. His sentence reduction reflects the evolving approach to cryptocurrency-related crimes within the U.S. justice system.
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DAOdreamer
· 4h ago
1.2 million Bitcoins are just released from prison? Is the law really a game for the wealthy?
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LayerZeroJunkie
· 4h ago
Only five years and he's out? The case of 1.2 million Bitcoins, just reduce the sentence and it's reduced. The judicial system is really confusing.
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MintMaster
· 5h ago
$4.5 billion just washed out like that, and can it be released early? The law is really getting more and more outrageous.
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SellTheBounce
· 5h ago
Stole 1.2 million Bitcoins and only served two years? Haha, this is exactly what I've been saying—there's always a lower point, always unexpected twists. Human nature.
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TideReceder
· 5h ago
Whoa, you mean they released it just a few years after being locked up? 1.2 million Bitcoins, bro.
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HashRateHustler
· 5h ago
Wow, this guy just got out after only a few years? Is it really just 4.5 billion Bitcoins?
The mastermind behind the infamous 2016 Bitfinex security breach, Ilya Lichtenstein, has been released ahead of schedule. His early release came thanks to sentence reductions granted under the First Step Act, landmark criminal justice reform legislation signed by President Trump in 2018. Lichtenstein had been sentenced to five years in prison last November after pleading guilty to laundering approximately 120,000 Bitcoin—worth roughly $4.5 billion at the time of his sentencing. The case marked one of cryptocurrency's most significant law enforcement victories, demonstrating authorities' growing capability to track and prosecute large-scale digital asset theft across years and multiple jurisdictions. His sentence reduction reflects the evolving approach to cryptocurrency-related crimes within the U.S. justice system.