Ilya Lichtenstein, who pled guilty to money laundering charges related to the Bitfinex hack, has been released early from prison. Lichtenstein stated that his early release was made possible “thanks to President Trump’s First Step Act.”
The First Step Act, signed into law in December 2018, aims to reform the federal prison system and reduce recidivism. It includes provisions for early release for certain non-violent offenders.
Details regarding Lichtenstein"s specific release date or the length of his remaining sentence were not disclosed. The Bitfinex hack, which occurred in 2016, resulted in the theft of approximately $70 million in Bitcoin.
This development follows a broader trend of criminal justice reform in the United States, which has seen various individuals benefit from changes in sentencing laws. For more information on related coverage, see previous reports regarding recent developments in criminal justice.
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