# Man Gets 5 Years for Stealing $120M in Bitcoin from Bitfinex! 💸

**URL:** <https://onehack.st/t/man-gets-5-years-for-stealing-120m-in-bitcoin-from-bitfinex/295833>\
**Category:** News & Articles\
**Tags:** earn-money\
**Created:** [November 16, 2024, 7:23pm UTC](https://onehack.st/t/man-gets-5-years-for-stealing-120m-in-bitcoin-from-bitfinex/295833 "2024-11-16T19:23:39Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [November 16, 2024, 7:23pm UTC](https://onehack.st/t/man-gets-5-years-for-stealing-120m-in-bitcoin-from-bitfinex/295833/1 "2024-11-16T19:23:39Z")

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**Summary:**

1. **Bitfinex Hack**  
In 2016, **Ilya Lichtenstein** stole **120,000 Bitcoin** from the **Bitfinex exchange** , one of the largest cryptocurrency thefts in history.

2. **Money Laundering Scheme**  
Lichtenstein and his wife, **Heather Rhiannon Morgan** (also known as **Razzlekhan** ), used **complex laundering techniques** to hide and liquidate the stolen funds, successfully laundering 21% of the stolen Bitcoin.

3. **Sentencing**  
Lichtenstein was sentenced to **five years** in prison for his role in the hack and subsequent money laundering efforts.

4. **Bitfinex’s Impact**  
The hack severely impacted **Bitfinex** , with the stolen funds accounting for **36%** of the company’s assets at the time.

5. **Recovery of Funds**  
Thanks to Lichtenstein’s cooperation, **96% of the stolen Bitcoin** has been recovered, valued at over **$6 billion** today.

**Read more at:** [AP News](https://apnews.com/article/ilya-lichtenstein-bitcoin-hack-bitfinex-razzlekhan-bb592f0f06cdd8c2854a1a2259660c70)