tl;dr
Federal prosecutors have recommended a five-year sentence for 2016 Bitfinex hacker, Ilya Lichtenstein, despite the severity of his crimes, due to his extensive cooperation. His wife and partner in crime, Heather "Razzlekhan" Morgan, received an 18-month sentence. Prosecutors justified the leniency b...
Federal Prosecutors Recommend 5-Year Sentence for Bitfinex Hacker Ilya Lichtenstein Federal prosecutors have recommended a five-year sentence for 2016 Bitfinex hacker, Ilya Lichtenstein, despite the severity of his crimes, due to his extensive cooperation. His wife and partner in crime, Heather "Razzlekhan" Morgan, received an 18-month sentence.
Prosecutors justified the leniency based on Lichtenstein's cooperation, which included revealing details of the hack and testifying against accomplices. Despite the instinct for a longer sentence, the prosecutors acknowledged Lichtenstein's rehabilitation efforts and the impending end of the restitution process for Bitfinex users. The hackers are also renouncing claims to stolen assets as part of the sentencing agreement.
Federal prosecutors filed a sentencing memorandum for Bitfinex hackers Ilya Lichtenstein and Heather Morgan on October 15. Both hackers pled guilty to the charges. This comes shortly after the authorities reached a major step in the restitution process for former Bitfinex users.
In the memorandum, prosecutors expressed their instinct for a punitive sentence, emphasizing the impact on victims and the message it would send to other crypto criminals. However, they also recognized Lichtenstein’s extensive cooperation with law enforcement, resulting in a recommended sentence of five years despite crimes that would normally warrant 10 to 12 years.
Despite Lichtenstein's rehabilitation, prosecutors expressed concern about the sophistication of the 2016 hack, the hackers' evasion of justice, and Lichtenstein's abuse of Adderall during the crimes. The sentencing agreement includes a clause for the hackers to renounce all claims to stolen assets to facilitate the restitution process.
More about General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $83.77 billion
Current Price: $23.78
Dividend Yield: 5.48%
P/E Ratio: 12.82
52-Week High: $164.48
Beta: 0.0789
Revenue: $44.946 billion
EPS: $327.35
Profit Margin: 20.7%
Operating Margin: 18%