COINDESK DAILY: Bitfinex Hacker Makes Public Statement From Prison
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 December 2024
⏱️ 4 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry as Bitfinex hacker Ilya Lichtenstein makes his first public statement since his arrest.
Bitfinex hacker Ilya Lichtenstein made his first public statement since his 2022 arrest with a five-minute video posted on X. Lichtenstein reiterated that he was the lone hacker and apologized. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | BitFinex hacker Ilya Liechtenstein speaks from prison while Satoshi Nakamoto pretender Craig Wright faces prison. |
| 0:07.0 | This is Coin Us Daily. I'm your host Christine Lee. |
| 0:14.1 | Imagine a blockchain built for you. No wallets, no keys, no hassle. Just innovation. Welcome to Zion, the first walletless layer |
| 0:23.1 | one blockchain purpose-built for consumer adoption. With Zion, developers can build launch and |
| 0:28.7 | scale products that are ready for the masses. No technical barriers for users, thanks to groundbreaking |
| 0:34.3 | chain abstraction. All it takes to join the crypto revolution, an email. |
| 0:39.4 | Say goodbye to complexity and hello to possibility. Ready to take the leap, explore Zion today at |
| 0:45.4 | zion.com. I knew what I was doing was wrong and I did it anyway because I didn't care. |
| 0:55.3 | Ilya Lichtenstein in prison on charges related to the 2016 theft of 120,000 bitcoins from BitFinex made his first public statement since his 22 arrest. |
| 1:06.3 | In a five-minute video posted to X on Thursday, Lichtenstein reiterated that he was a loan hacker, |
| 1:12.8 | denying speculation in a Netflix documentary that his father or wife might have been involved in the theft. |
| 1:19.0 | Lichtenstein expressed remorse, saying he plans to work in cybersecurity when he is released. |
| 1:24.3 | Lichtenstein also provided an update on restitution for the funds he stole from BitFinex, |
| 1:29.1 | saying that he is working towards returning all assets down to the last Satoshi as required by |
| 1:34.8 | his plea agreement. A restitution hearing is set for February to determine whether recovered funds |
| 1:40.2 | should be distributed to BitFinex or its customers who were affected by the hack. The Bitcoin |
| 1:45.6 | stolen in the 2016 hack was worth $17 million at the time and around $12 billion today. |
| 1:53.2 | Craig Wright, who falsely claimed to be Satoshi Nakamoto, the synonymous creator of Bitcoin, |
| 1:58.4 | is in contempt of court following a UK hearing on Wednesday, |
| 2:02.2 | which Wright did not attend. The Crypto Open Patent Alliance, Copa, argued that rights attempt |
| 2:07.5 | to sue over $1 billion for intellectual property rights related to the Bitcoin system in October |
| 2:12.7 | amounts to contempt of court after a judge ruled in July that he was barred from pursuing proceedings |
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