The value of the bitcoin stolen by hacker Ilya Lichstenstein from Bitfinex in 2016 is worth more than $10 billion now.

A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world's largest cryptocurrency exchanges,

The mastermind behind one of the most egregious cryptocurrency hacks, Ilya "Dutch" Lichtenstein, has been sentenced to five years in prison for his role in a 2016 hack.

Ilya Lichtenstein, a hacker responsible for Bitfinex crypto heist, was sentenced to five years in prison on November 14.

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison.

Last year, Ilya Lichtenstein and his social media rapper wife pled guilty to laundering $4.5 billion worth of Bitcoin from Bitfinex.

Ilya Lichtenstein, who pleaded guilty to the 2016 hack of cryptocurrency stock exchange Bitfinex, has been sentenced to five years in prison, the U.S. Department of Justice (DoJ) announced Thursday.

Lichtenstein’s sentence is expected to serve as a deterrent amid rising concerns over cyber-related financial crimes.

A hacker involved in one of the largest cryptocurrency heists has been sentenced to five years in a U.S. prison for laundering stolen funds. Ilya Lichtenstein admitted to laundering almost 120,000 bitcoin taken from the cryptocurrency exchange Bitfinex in 2016,

A hacker has been sentenced to five years in a US prison for laundering the proceeds of one of the biggest ever cryptocurrency thefts. Ilya Lichtenstein pleaded guilty last year to hacking into the Bitfinex cryptocurrency exchange in 2016 and stealing almost 20,000 bitcoin.