Bitfinex hackers who stole billions in cryptocurrency plead guilty
in court. Lichtenstein has admitted that he used multiple advanced hacking tools and techniques to gain entry into the cryptocurrency exchange's network. He then authorized 2,000 transactions to move 119,754 bitcoins to wallets he controlled. To cover his tracks, he said he deleted access credentials, logs and other digital breadcrumbs that could give him away. Morgan, his wife, helped him move and launder the stolen funds.
If you'll recall, the Justice Department seized 95,000 of the stolen bitcoins at the time of their arrest. Back then, that digital coin hoard was worth a whopping $3.6 billion and was the largest financial seizure in the agency's history. Authorities were able to trace more of the stolen funds after that to recover an additional $475 million worth of cryptocurrency.
According to the DOJ, Lichtenstein and Morgan used false identities to set up online accounts on darknet markets and cryptocurrency exchanges. They then withdrew the funds and distributed the bitcoins from there by converting them into other forms of cryptocurrency and keeping them in crypto mixing services. By doing so, they obfuscated the coins' sources and made them harder to trace.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
New York Resident Ilya Lichtenstein Admits to Being Bitfinex Hacker in Court Appearance: CNBCLichtenstein was arrested alongside his wife Heather Morgan last year on money laundering charges tied to the proceeds from the 2016 hack.
Baca lebih lajut »
Individual charged with money laundering admits to hacking Bitfinex in 2016: ReportRemember the 2016 Bitfinex hack that resulted in the loss of around 119,754 Bitcoin? Ilya Lichtenstein has reportedly confessed in court to being behind the heist.
Baca lebih lajut »
Bitfinex hacker, Heather Morgan plead guilty in $4.5B crypto laundering schemeIlya Lichtenstein and Heather Morgan pleaded guilty to laundering funds stolen from Bitfinex, one of the world’s largest cryptocurrency exchanges.
Baca lebih lajut »
Tech Entrepreneur Admits to Being Hacker in $4.5 Billion Bitcoin HeistThe mystery hacker behind one of the largest crypto heists ever revealed himself as a New York tech entrepreneur married to a wannabe rapper named Razzlekhan
Baca lebih lajut »
New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering – Bitcoin NewsIn an unexpected revelation, Ilya Lichtenstein, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex.
Baca lebih lajut »
'Razzlekhan' and husband plead guilty to charges related to Bitfinex hackICYMI: Crypto husband pleads guilty over Bitfinex hack laundering: Bloomberg
Baca lebih lajut »