The post Liechtenstein Admits to $4.5 Billion in Crypto Theft and Money Laundering! appeared first on Coinpedia Fintech News
A New York man named Lichtenstein pleaded guilty to being responsible for the 2016 Bitfinex hack in federal court, according to CNBC. Along with the Bitfinex hack, he also pleaded guilty to a money laundering conspiracy that resulted in $4.5 billion worth of cryptocurrencies being stolen. As cryptocurrency becomes increasingly popular, security risks and hacks continue to be a major concern for investors and traders alike.
