• Nov 14, 2024

US man sentenced to 5 years over laundering crypto stolen from Bitfinex hack

A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world's largest cryptocurrency exchanges, with the help of his wife. Ilya Lichtenstein, 35, hacked into Bitfinex's network in 2016, using advanced hacking tools and techniques, and stole about 120,000 bitcoin, the U.S. Justice Department said in a statement. He and his wife Heather Morgan, who used the hip-hop alias "Razzklekhan" to promote her music, were arrested in February 2022.

  • Nov 14, 2024

Dollar Rises as Traders Reprice December Fed Cut: Markets Wrap

(Bloomberg) -- Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsAustralian shares edged