All posts tagged: Bitfinex

Bitfinex hacker Ilya Lichtenstein credits Trump for early release from prison

Bitfinex hacker Ilya Lichtenstein credits Trump for early release from prison

Ilya Lichtenstein, who pled guilty to money laundering charges tied to his role in the massive hack of crypto exchange Bitfinex, has apparently been released early from prison. In a Thursday evening post on X, Lichtenstein said he was out early “thanks to President Trump’s First Step Act” (a prison reform bill passed during Trump’s first term). “I remain committed to making a positive impact in cybersecurity as soon as I can,” Lichtenstein said. “To the supporters, thank you for everything. To the haters, I look forward to proving you wrong.” The Department of Justice arrested Lichtenstein and his wife Heather Morgan in 2022 and seized $3.6 billion worth of bitcoins that had been stolen from Bitfinex. The couple became infamous after their arrest and were featured in a Netflix documentary called “Biggest Heist Ever.” Lichtenstein eventually admitted to his role in the hack and was sentenced to five years in prison. It’s not clear whether the Trump administration played a direct role in the release. An administration official told CNBC that Lichtenstein “has served …

Bitfinex bitcoin thief Ilya Lichtenstein thanks Trump for early prison release

Bitfinex bitcoin thief Ilya Lichtenstein thanks Trump for early prison release

The Russian-U.S. national who hacked crypto exchange Bitfinex and stole nearly 120,000 bitcoin said he has been freed from prison early thanks to the bipartisan prison-reform law signed by President Donald Trump. Ilya Lichtenstein, 38, had been sentenced in November 2024 to five years in prison after pleading guilty to a money laundering conspiracy charge and admitting to the hack of crypto assets now valued in the billions of dollars. But late Thursday night, a post on Lichtenstein’s official X account declared, “Thanks to President Trump’s First Step Act, I have been released from prison early.” Courtroom sketch of Ilya “Dutch” Lichtenstein while pleading guilty to laundering the stolen bitcoin in federal court in Washington. Artist: William Hennessey “I remain committed to making a positive impact in cybersecurity as soon as I can,” Lichtenstein’s post said. “To the supporters, thank you for everything. To the haters, I look forward to proving you wrong.” A Trump administration official told CNBC on Friday morning that Lichtenstein “has served significant time on his sentence and is currently on …