CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitfinex Hacker Now A Witness Against Bitcoin Fog Mixer In Washington Trial

06.03.2024
A A
0
123
VIEWS
ShareShare

Bitfinex Hacker Now A Witness Against Bitcoin Fog Mixer In Washington Trial

  • Ilya Lichtenstein, the man behind the Bitfinex hack, is now helping federal prosecutors as a witness against Bitcoin Fog Mixer in a Washington trial.

Lichtenstein pleaded guilty to money laundering charges last year after hacking Bitfinex and getting away with Bitcoin worth $3.6 million.

Lichtenstein Testifies In Washington Trial

According to a recent report, Lichtenstein appeared in a Washington, D.C., trial this week where Roman Sterlingov was accused of operating a mixing service utilized by dark-web criminals.

The Bitfinex hacker was named a cooperating U.S. government witness to charges relating to money laundering associated with the platform.

Lichtenstein told the jury that he used different mixers, including Bitcoin Fog, to obscure the stolen funds from the Bitfinex hack.

See Also: AfreecaTV BJ Stars Fell Victim To South Korean Crypto Scammers

He testified that he used the service about ten times to launder funds. However, he mentioned that the platform was not his main money laundering method since he later moved on to other services better suited for his purpose, such as Helix.

U.S. authorities charged Sterlingov, a dual Russian-Swedish citizen, with operating the money-mixing service.

They accuse Sterlingov of receiving millions of dollars from darknet markets associated with trafficking illegal drugs.

Tor Ekeland, Sterlingov’s attorney, argues that no evidence exists, such as server logs and eyewitness accounts that link Lichtenstein to the platform.

Ekeland further pressed Lichtenstein during the trial on whether he knew or communicated with the accused, which he denied.

The attorney then inquired about Lichtenstein’s drug use, referencing earlier testimony where Lichtenstein admitted to purchasing mushrooms and LSD on darknet markets. However, he clarified that he was sober during the hacks.

Sterlingov is facing multiple charges, which include money laundering, operating an unlicensed money-transmitting business, and engaging in money transmission without the requisite license in the District of Columbia.

Bitfinex Hacker Reveals Motive

During his testimony, Lichtenstein highlighted the reason for the Bitfinex hack in 2016, saying he faced issues with his tech startup in San Francisco.

He further explained that during the time, he was burnt out from the struggling business. Later, he recruited his wife, Heather Morgan, to aid in concealing the origin of the funds.

Morgan, who called herself the “Crocodile of Wall Street,” sought social media recognition by rapping about investment strategies.

See Also: UK To Freeze Crypto Assets Linked To Crime Without Convictions Starting End Of April

The government alleges that the pair utilized counterfeit identities to establish online accounts, masking the transaction trail by depositing and withdrawing funds through cryptocurrency exchanges and darknet markets.

According to government assertions, some embezzled funds were allocated to purchase nonfungible tokens (NFTs), gold, and Walmart gift cards.

In August 2023, Lichtenstein and his wife formally pleaded guilty to money laundering charges and conspiracy to commit fraud, ending a mystery that spanned seven years.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

The post Bitfinex Hacker Now A Witness Against Bitcoin Fog Mixer In Washington Trial appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Top Crypto Gainers Today on DEXTools – AISORA, SPARKO, SUBF

Top Crypto Gainers Today on DEXTools – AISORA, SPARKO, SUBF

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

‘Krapopolis’ To Premiere In September with NFTs and Fan Voting

2 years ago
NFT Firm Recur Announces Shut Down of the Web3 Platform

NFT Firm Recur Announces Shut Down of the Web3 Platform

2 years ago
Solana ETFs Face SEC Delay, Decision Postponed to October

Solana ETFs Face SEC Delay, Decision Postponed to October

2 months ago
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Russian Central Bank to Launch ‘Large-scale Audit of Nation’s Crypto Holdings’

US Government Shutdown Crisis: Financial Market Turmoil Intensifies, But Investors Flock to H Mining

XRP Price Prediction: $3.12 Breakout or New Decline? What’s Next?

Trending

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining
All news

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
0

XRP’s value extends far beyond its price, powering fast remittances, loyalty rewards, and institutional finance.The native digital...

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

06.10.2025
Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

06.10.2025
Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz