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Bitfinex hacker speaks out after sentencing

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. 

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FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Crypto Money Laundering: Aussie Agency to Target Crypto ATM Providers

Crypto Money Laundering: Aussie Agency to Target Crypto ATM ProvidersAustralia’s financial intelligence agency has said it will crack down on cryptocurrency ATM providers to combat money laundering and scams. Task Force Targets Crypto ATMs The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence agency, announced Dec. 6 it will crack down on cryptocurrency ATM providers that fail to comply with the country’s […]

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Russia sentences Hydra market founder to life in prison

Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.

Stanislav Moiseev, the founder of the online black market and crypto mixing service Hydra which took in over $5 billion worth of crypto during its operation, has been sentenced to life in prison by a Russian court.

A Moscow Regional Court found Moiseev and 15 of his accomplices guilty of organizing a criminal community and illegally producing and selling psychotropic substances and drugs, according to a Dec. 2 statement from the Moscow Prosecutor’s Office.

Sentences handed down to Moiseev’s 15 accomplices varied from 8 to 23 years.

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FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

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

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.

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FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report

BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report

A man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after assisting authorities with another high-profile crypto laundering case. According to a new report by Bloomberg, Larry Harmon – who pleaded guilty to running a crypto mixing service on the dark web in 2021 – has […]

The post BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report appeared first on The Daily Hodl.

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Helix mixer operator gets 3 years in prison for money laundering

Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov.

Larry Harmon, who was arrested in 2020 for helping criminals launder money through the Helix cryptocurrency mixer, has been sentenced to three years in prison. The sentence was a show of leniency due to his assistance in the Bitcoin Fog mixer case, District of Columbia District Court Judge Beryl Howell said.

Harmon faced a sentence of up to 20 years for the charges against him. The government had recommended a sentence of 75 months on Nov. 11. Harmon was fined $60 million by the Treasury Department’s Financial Crimes Enforcement Network in 2020.

Harmon helped prosecutors in the case against Bitcoin Fog operator Roman Sterlingov, who was sentenced to 12.5 years in prison on Nov. 8. Harmon expressed remorse at his sentencing. He had also shut down Helix two years before his arrest, the judge noted while passing sentence on him. “He turned himself around before he was arrested in this case,” she said.

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FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Monero Decrypted? Japanese Police Report Breakthrough in Flow Analysis Development

Monero Decrypted? Japanese Police Report Breakthrough in Flow Analysis DevelopmentThe Japanese National Police Agency’s Cyber Special Investigation Division announced the arrest of a suspect accused of money laundering, computer fraud, and credit card phishing crimes. Japanese authorities disclosed that they identified the suspect by analyzing his operations on Monero, a highly private and confidential blockchain. Japanese Police Allegedly Catch Money Laundering Ringleader Using Monero […]

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent

Nigeria Drops Money Laundering Charges Against Ex-US Federal AgentThe Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that Gambaryan was merely an employee and could not be prosecuted for crimes allegedly committed by his employer. This decision follows months of […]

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations

Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting AllegationsBollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential endorsement of the scam and her promotion of illegal betting-linked IPL content. Bhatia’s involvement remains unclear, but the […]

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme

20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering SchemeA North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison […]

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses