Ilya "Dutch" Lichtenstein plead guilty to 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value

On Thursday, a man from New York confessed to being the original hacker behind the 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value. Ilya "Dutch" Lichtenstein, aged 35, made this shocking revelation during his guilty plea for laundering the stolen bitcoin at a federal court in Washington, D.C. Present in the audience was his wife, Heather Rhiannon Morgan, aged 33, who also pleaded guilty to charges of money laundering conspiracy and conspiracy to defraud the United States government.

Until Lichtenstein's court admission, the identity of the hacker responsible for stealing the bitcoin from Bitfinex remained unknown to the public. Notably, the couple was not charged in connection with the actual hack.

Lichtenstein faces a maximum potential sentence of 20 years in prison for one count of conspiracy to commit money laundering. He has been held without bond since his arrest, as he was deemed a flight risk. He will continue to be detained until sentencing but has agreed to cooperate with federal investigators.

As for Morgan, a Russian emigre and aspiring rapper known as "Razzlekhan" and "The Crocodile of Wall Street," she faces a maximum potential sentence of five years in prison. She has been free on $3 million bond since her arrest.

During the plea hearing, there was an emotional moment when Lichtenstein and Morgan, separated for over a year, made eye contact, and Lichtenstein smiled and blew her a kiss.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.