US hacker sentenced to five years in the slammer for laundering the proceeds of nearly 120,000 stolen bitcoin worth $10,800,000,000 at today's prices

A hand holds a bitcoin over the US flag draped over a slate board.

(Image credit: Boris Zhitkov / SimpleImages)

Cyber heists have lost some of the romance of the old-fashioned kind, haven't they? Give me a stripey sweater and a swag bag any day of the week.

Still, they appear to be far more lucrative than your old-fashioned Dog Day Afternoon histrionics, as a US hacker has just been sentenced to five years hard time for his role in the theft of 120,000 bitcoin, which would equate to just under $10.8 billion's worth of the cryptocash today.

Ilya Lichtenstein pled guilty to money laundering charges brought against him for the 2016 Bitfinex cryptocurrency hack, in which nearly 120,000 of precious Bitcoin was swiped off the exchange over the course of more than 2,000 fraudulent transactions (via BBC News). Lichtenstein is said to have enlisted the help of his wife, Heather Morgan, to launder the ill-gotten gains using a variety of methods, but both were apprehended in 2022.

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Andy built his first gaming PC at the tender age of 12, when IDE cables were a thing and high resolution wasn't—and he hasn't stopped since. Now working as a hardware writer for PC Gamer, Andy spends his time jumping around the world attending product launches and trade shows, all the while reviewing every bit of PC gaming hardware he can get his hands on. You name it, if it's interesting hardware he'll write words about it, with opinions and everything.