A bitcoin hack that's now worth billions of dollars and a scheme to launder those proceeds resulted in Ilya Lichtenstein being sentenced to five years in prison.

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

Ilya Lichtenstein, who pleaded guilty to theft and laundering charges last year, was sentenced to 60 months in prison. He was sentenced for laundering and stealing nearly 120,000 Bitcoin, currently valued at $10.5 billion, from Bitfinex, a global crypto exchange.

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 in the case involving the Bitfinex cryptocurrency exchange being hacked in 2016 and the theft of almost 120,000 bitcoin.

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,

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,

Bitcoin hacker Ilya Lichtenstein was sentenced on Thursday for his role in a money laundering conspiracy related to the theft of $3.6 billion worth of cryptocurrency from virtual currency exchange Bitfinex,

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.