tldr; Ilya Lichtenstein, the hacker behind the 2016 Bitfinex breach that stole nearly 120,000 BTC, has been released early from federal prison after serving about one year of a five-year sentence. His release was granted under the First Step Act, a law signed by Donald Trump in 2018 that allows sentence reductions for non-violent offenders who complete rehabilitation programs. Critics argue that such early releases weaken deterrence for crypto crimes, while supporters emphasize rehabilitation and proportional sentencing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
flying_cactus on
Thats why Bitcoin is the GOAT, smart people will dedicate time to figuring out how to steal it, as the ROI is amazing with insignificant consequences.
cyclicalwand on
This isn’t really a crypto thing though is it. The law is concerning people who commit non violent crimes and complete rehabilitation courses. He could have stolen Pokémon cards and got out under this law.
djsoomo on
One law for the rich, another for the poors-
And if you steal $10B then you become rich, right?
f00dl3 on
The Hawk Thua co-creator guy never served jail time. Talked to him a month ago out and about.
completelypositive on
Wonder if he knows anybody who can benefit from this law
Fear_Blind83 on
Nearly 95,000 BTC now worth ~$8.5Bn that was seized from the hackers is still held by the U.S. Government and has been for like 6 years.
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Picure me shocked…
tldr; Ilya Lichtenstein, the hacker behind the 2016 Bitfinex breach that stole nearly 120,000 BTC, has been released early from federal prison after serving about one year of a five-year sentence. His release was granted under the First Step Act, a law signed by Donald Trump in 2018 that allows sentence reductions for non-violent offenders who complete rehabilitation programs. Critics argue that such early releases weaken deterrence for crypto crimes, while supporters emphasize rehabilitation and proportional sentencing.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thats why Bitcoin is the GOAT, smart people will dedicate time to figuring out how to steal it, as the ROI is amazing with insignificant consequences.
This isn’t really a crypto thing though is it. The law is concerning people who commit non violent crimes and complete rehabilitation courses. He could have stolen Pokémon cards and got out under this law.
One law for the rich, another for the poors-
And if you steal $10B then you become rich, right?
The Hawk Thua co-creator guy never served jail time. Talked to him a month ago out and about.
Wonder if he knows anybody who can benefit from this law
Nearly 95,000 BTC now worth ~$8.5Bn that was seized from the hackers is still held by the U.S. Government and has been for like 6 years.
Here’s the FBI wallet address.
https://mempool.space/address/bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt
I wouldn’t have a problem with this if the penalty for getting convicted of another crime was having to serve the rest of the sentence you got out of.
Scam / Hacks / Fraud all legit now that a felon is running that country of “the free”