SECTOR PROFILE

Target Sector: Cryptocurrency Exchanges, Financial Services

Court filings, technical advisories, and enforcement actions documenting cyber intrusions against Cryptocurrency Exchanges, Financial Services organizations.

Key Facts

Total Cases
1
Prosecution records
Identified Losses
$4.5 billion
Court & SEC estimates
  • 1 documented prosecution cases targeting the Cryptocurrency Exchanges, Financial Services sector.
  • Cumulative reported financial losses exceed $4.5 billion.
  • Documented from federal indictments and SEC Form 8-K disclosures.

Documented Incidents

sentenced 2022-02-07

U.S. v. Ilya Lichtenstein & Heather Morgan (Bitfinex Hack & Laundering)

Conviction of Ilya Lichtenstein and Heather Morgan for executing the 2016 hack of the Bitfinex virtual currency exchange, stealing 119,754 Bitcoins (valued at $4.5 billion at arrest), and laundering the funds through complex cryptocurrency mixers and darknet markets.