Ilya Lichtenstein, who stole nearly 120,000 bitcoin in a 2016 hack of the Bitfinex exchange, was sentenced to five years in prison for money laundering.

At the time of the hack, the stolen bitcoin was worth $70 million, but it’s now valued at $10.5 billion due to bitcoin’s price increase.

Lichtenstein, along with his wife Heather Rhiannon Morgan, pleaded guilty in August 2023 after their arrest in 2022.

Lichtenstein, facing up to 20 years in prison, will serve a reduced term due to time served and good behavior.

Morgan’s sentencing is scheduled for Monday, with prosecutors recommending 18 months for her role as a “lower-level participant,” CNBC has reported.

The U.S. government has seized over 94,000 of the stolen bitcoins, worth nearly $8.3 billion, and plans to return them to Bitfinex or other affected parties.

Written by B.C. Begley