Bitcoin Could Hit $200K in 2025—Analysts See Macro Trends Aligning

December 20, 2024 Bitcoin.com

Bitcoin

Bitcoin’s path to $200,000 in 2025 is fueled by ETFs, institutional demand, and macroeconomic shifts, with analysts warning of volatility amid transformative growth. Bitcoin’s $200K Milestone: Analysts Highlight ETF Power and Adoption Bitfinex analysts have painted a bullish outlook for bitcoin in their latest Alpha report, citing strong institutional demand and the lasting effects of […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex hacker speaks out after sentencing

December 19, 2024 Coin Telegraph

bitfinex

Ilya Lichtenstein urged his social media followers not to blame his wife — also implicated in money laundering — for the 2016 Bitfinex hack.

Ilya Lichtenstein, the hacker who stole and laundered Bitcoin from the crypto exchange Bitfinex, has released a statement on social media after being sentenced to five years in prison.

In a Dec. 19 X post, Lichtenstein reaffirmed many of the statements he made in court leading to his incarceration. He confessed to hacking Bitfinex in 2016 and laundering “thousands of Bitcoin” but suggested he wanted to shoulder the entirety of the blame rather than his wife, Heather Morgan, who was also sentenced to prison time for her role in laundering Bitcoin (BTC).

“I knew what I was doing was wrong and did it anyway because I didn’t care, I didn’t care about anyone else except myself,” said Lichtenstein in a video message from prison, often appearing as though he were reading a prepared statement.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved

December 14, 2024 Coin Telegraph

Ben Simpson

A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.

A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term.

“I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then rotate back,” Collective Shift founder Ben Simpson told Cointelegraph.

Cointelegraph recently reported that after Trump’s winning the presidential election on Nov. 5, Wyoming Senator Cynthia Lummis — a Trump supporter, Republican and crypto advocate — said she would move forward with legislation for the US government to buy 1 million Bitcoin (BTC) and hold it for at least 20 years.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex money launderer ‘Razzlekhan’ sentenced to 18 months in prison

November 18, 2024 Coin Telegraph

bitfinex

A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex.

One of the two individuals responsible for laundering stolen Bitcoin connected to the 2016 hack of crypto exchange Bitfinex has been sentenced to 18 months in prison.

Washington, DC, District Court Judge Colleen Kollar-Kotelly sentenced Heather Morgan — also known by her rapper alter ego “Razzlekhan” — to 18 months in prison in a Nov. 18 hearing. Morgan pleaded guilty to conspiracy to commit money laundering and defraud the United States in August 2023.

Morgan and her husband, Ilya Lichtenstein, admitted to laundering millions of dollars worth of Bitcoin (BTC) stolen from Bitfinex before their 2022 arrests. US authorities initially suspected the couple had only been responsible for laundering the stolen funds, but Lichtenstein later admitted in court to hacking the exchange.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

November 16, 2024 The Daily Hodl

Infamous Crypto Hacker Behind Nearly ,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

Bitcoin

The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – […]

The post Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex hacker sentenced to 5 years in prison

November 15, 2024 Coin Telegraph

bitfinex

US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange.

Ilya Lichtenstein, the hacker who stole billions worth of Bitcoin from the crypto exchange Bitfinex in 2016, was sentenced to five years in prison.

Washington, DC, District Court Judge Colleen Kollar-Kotelly sentenced Lichtenstein in a Nov. 14 hearing after he pleaded guilty to conspiracy to commit money laundering in August 2023. In addition to jail time, Lichtenstein was ordered to serve three years of supervised release.

Lichtenstein was facing up to 20 years in jail, but prosecutors had recommended he serve five years as he had no prior criminal history, gave “substantial assistance” in other investigations and managed to launder only 25,111 Bitcoin (BTC) out of the 119,754 BTC he stole from Bitfinex, currently worth over $10.4 billion with the cryptocurrency priced around $87,500.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex Hacker Sentenced to Prison as DOJ Tracks 120,000 Stolen Bitcoin

November 14, 2024 Bitcoin.com

bitcoin.com

The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex Hacker The U.S. Department of Justice (DOJ) announced Thursday that Ilya Lichtenstein has been sentenced to prison for his role in a major cryptocurrency […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Final Call: DOJ Seeks Bitfinex Hack Victims to Come Forward by Nov. 13

November 9, 2024 Bitcoin.com

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The U.S. Department of Justice (DOJ) has launched a website to gather information from individuals affected by the 2016 Bitfinex hack, where approximately 120,000 BTC were stolen. The site provides a platform for potential victims to assert their rights under the Crime Victims’ Rights Act (CVRA) and submit statements detailing their losses. In 2016, defendant […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex Breach Launderer Heather Morgan Says She Was ‘In Complete Shock’ When Husband Told Her About Hack

November 5, 2024 The Daily Hodl

bitfinex

Heather Morgan says she was “in complete shock” when she discovered her husband, Ilya Lichtenstein, had hacked the crypto exchange Bitfinex back in 2016. In 2022, Lichtenstein and Morgan – known as the “crypto couple” – were arrested for conspiring to launder $4.5 billion worth of stolen crypto assets from the Bitfinex hack. They pled […]

The post Bitfinex Breach Launderer Heather Morgan Says She Was ‘In Complete Shock’ When Husband Told Her About Hack appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitfinex hack launderer ‘Razzlekhan’ wants time served as sentencing looms

November 4, 2024 Coin Telegraph

bitfinex

Heather Morgan has argued for no more jail time for her role in laundering some of the 120,000 Bitcoin stolen from Bitfinex by her husband Ilya Lichtenstein.

Heather Morgan, also known as the rapper “Razzlekhan,” has asked to avoid more prison time ahead of her sentencing for her role in laundering the Bitcoin her husband stole from the crypto exchange Bitfinex.

“Ms. Morgan has proven herself worthy of a second chance, and we respectfully ask this Court to give her that chance by imposing a sentence of time served,” Morgan’s lawyers asked a Washington, DC, federal court in an Oct. 31 filing.

They added she was subject to “difficult conditions” in her week-long pretrial incarceration — having to recover from surgery and getting COVID-19 — and, since her release in mid-February 2022, had “complied fully with the restrictive terms of pretrial release.”

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