New York Man Admits to $4.5B Bitfinex Hack and Money Laundering Charges

A New York resident accused of being behind the 2016 hack that led to a loss of Bitcoins worth USD $4.5 billion on Bitfinex pleaded guilty
today (Thursday). Ilya Lichtenstein also pleaded guilty in a federal court in
Washington, D.C., to laundering the stolen Bitcoins.

According to a report by
CNBC, Lichtenstein took the plea before his wife, Heather Rhiannon Morgan, who
was among the audience in the courtroom. Lichtenstein and Morgan were arrested
last year for allegedly laundering cryptocurrencies worth USD $4.5 billion
stolen in 2016 from Bitfinex.

Lichtenstein, originally from Russia, has been under
police custody since his arrest. His wife and accomplice Morgan, an aspiring rapper also
known as ‘Razzlekahn’ or ‘The Crocodile of Wall Street,’ was freed on a USD $3
million bond after her arrest.

Finance
Magnates reported two
weeks ago that the couple
will appear before
Senior Judge Colleen Kollar-Kotelley in Washington, D.C. for the plea hearing to
charges related to conspiracy to commit money laundering
Money Laundering

Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund

Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Read this Term and defraud the United
States.