Ilya Lichtenstein, who was sentenced in the 2016 Bitfinex crypto heist of $10 billion, was released earlier, having served an average, 14 months of his prison time already.
Lichtenstein was credited with release under the ‘First Step Act’, which is an act of the United States Congress aiming to lower the prison term of eligible convicts.
One of the people who was convicted as a result of the 2016 hack on the then-largest Bitfinex cryptocurrency exchange has been released from federal custody after serving about 14 months in jail, as he was supposed to do in accordance with his sentence that was mitigated by the terms and conditions availed by the First Step Act. One of the people involved is named Ilya Lichtenstein, who participated in transferring cryptocurrencies worth billions from the systems of the Bitfinex exchange without authorization, making it rather unprecedented when it comes to digital assets at that time. It came to light when he, himself, posted on X
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