25 years max for stealing billions? God bless America.
> Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Are they being charged for stealing? I thought the concept of crypto is to be you own bank, So as long as you have the private key, you are now technically the owner.
What if two people generate the same private key. Who is the owner ?
they haven't actually been charged with hacking, just the laundering. the complaint could be amended after investigation and the potential sentence would go up.
Given that folks have been given longer punishments for stealing less, yes. Granted, ianal and I acknowledge that things come into play like repeat offenses, etc.
> Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.