Bitfinex hacker Ilya Lichtenstein credits Trump’s First Step Act for early prison release

Ilya Lichtenstein, the hacker who pleaded guilty to stealing around 120,000 bitcoins from Bitfinex in 2016, claims that Trump's First Step Act has contributed to his early prison release. This legislation aims to reform the U.S. criminal justice system, particularly addressing sentences for nonviolent offenses. Lichtenstein's case has reignited discussions around criminal activity in the cryptocurrency market and its legal repercussions. His earlier release raises concerns about the security measures taken by cryptocurrency exchanges, prompting investors to reconsider the risks associated with potential hacking incidents. Market reactions have shown a cautious sentiment as traders digest this news, understanding that price and trading volumes in Bitcoin are highly susceptible to security concerns. Continuing vigilance regarding cryptocurrency trends will be essential, as investors must focus on strengthening security practices against such incidents.