Netflix Orders Crypto Series About a Couple"s Alleged Scheme to Launder $4.5B in Bitcoin Stolen From Bitfinex
Netflix has ordered a documentary series about the couple who allegedly laundered billions of dollars from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, were arrested in New York this week. The Department of Justice (DOJ) also seized 94,636 bitcoins stolen from the Bitfinex hack. Documentary Series About the Bitfinex Hack and the Couple Involved, Coming Soon to Netflix
American subscription streaming service and production company Netflix announced Friday that it “has ordered a documentary series about a married couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history.”
The company explained that Chris Smith — famed for directing “FYRE: The Greatest Party That Never Happened” and “Tiger King” — is set to direct and executive produce the Bitfinex documentary series.
In addition, writer and producer Nick Bilton — famed for “Fake Famous,” “The Inventor: Out for Blood in Silicon Valley,” and “American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road” — is set to executive produce the Bitfinex documentary series.
The documentary will be about the couple who allegedly laundered bitcoin worth over $4 billion from a 2016 hack of cryptocurrency exchange Bitfinex.
Netflix described: Ilya ‘Dutch’ Lichtenstein and Heather Morgan were arrested in their New York City apartment on Tuesday, February 8, and now face charges of conspiring to launder nearly 120,000 Bitcoin tied to the 2016 hack of a virtual currency exchange.
While Lichtenstein, who holds dual U.S. and Russian citizenship, co-founded Mixrank, a Y-Combinator backed startup, Morgan is an aspiring rapper under the name Razzlekahn.
The 31-year-old rapper and former Forbes contributor described herself as an “irreverent comedic rapper” and “crocodile of Wall Street.” The videos of her rapping were widely mocked on social media after her arrest.
The U.S. Department of Justice (DOJ) announced Tuesday that Lichtenstein, 34, and his wife, Morgan, 31, have been arrested for “alleged conspiracy to launder $4.5 billion in stolen cryptocurrency” from the 2016 Bitfinex hack. Specifically, court documents show that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that were stolen from the cryptocurrency exchange.
The DOJ also seized 94,636 BTC from them, which the department described as the “largest cryptocurrency seizure to date, valued at more than $3.6 billion” at the time of the seizure. At the time of writing, the value of the BTC seized is more than $4 billion.
The court documents further detail the couple’s “numerous sophisticated laundering techniques,” including using fictitious identities to set up online accounts, using computer programs to automate transactions, depositing stolen funds into accounts at various cryptocurrency exchanges and darknet markets, and leveraging “anonymity-enhanced virtual currency (AEC), in a practice known as ‘chain hopping."” Tags in this story bitcoin exchange hackers, bitcoin launders, BitFinex, bitfinex 2016 hack, Bitfinex Hack, chris smith, Crypto hackers, crypto launders, Heather Morgan, Ilya Dutch Lichtenstein, Ilya Lichtenstein, netflix bitcoin, netflix bitfinex couple, netflix bitfinex hack, netflix crypto, Tiger King
Will you watch Netflix’s documentary series about this couple who allegedly laundered bitcoin from the 2016 Bitfinex hack? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Billionaire Bill Miller Has "Very Big" Bitcoin Position — Calls BTC "Insurance Against Financial Catastrophe" FEATURED | 23 hours ago 13 Years Ago Today, Satoshi Nakamoto Published the First Forum Post Introducing Bitcoin FEATURED | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNEAR Protocol Provides Development Grant To InsurAce․io Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItPUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects
Krafton, the parent company of Bluehole, developers of PUBG, a popular battle royale game that has earned more than $300 million in 2021, announced it will redirect some of its activities toward developing NFT and metaverse-related projects. The company says ... read more.McDonald’s Trademark Filings Hint at Fast Food Giant"s Intent to Produce Metaverse Restaurants Topps Plans to Auction Rare 1952 Mickey Mantle NFT Card Minted on Ethereum Fintech Specialists Predict Ethereum Price Hitting $6,500 This Year Before Rising to $26,338 by 2030 Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks