The 2016 hack of the Bitfinex cryptocurrency exchange was one of the largest thefts in cryptocurrency history. The US government recently requested prison terms for those responsible for the crime.

Main article: Ilya Lichtenstein and his wife Heather Morgan have been arrested for their involvement in the theft of 119,754 BTC from Bitfinex. U.S. authorities have proposed five years in prison for Lichtenstein, who laundered more than 25,000 BTC, and 18 months for Morgan. The couple could also lose $7.6 billion in assets, which will be used to compensate the exchange for damages.

Conclusion: This case once again highlights how important security is in the crypto space.