Netflix Orders Crypto Series About a Couple’s Alleged Scheme to Launder $4.5B in Bitcoin Stolen From Bitfinex – Featured Bitcoin News

Netflix ordered a series on the couple that allegedly hid billions in the Bitfinex hack of 2016. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, were arrested in New York this week. The Department of Justice (DOJ), also took 94,636 Bitcoins from Bitfinex’s hack.

Netflix will soon have a series of documentaries about Bitfinex and the couples involved.

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.

This documentary is about the couple that allegedly stole bitcoins worth more than $4 billion during a Bitfinex hack in 2016.

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.

Lichtenstein holds dual U.S.-Russian citizenship and co-founded Mixrank. Morgan, meanwhile, is an aspiring rapper who goes by 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. As of this writing, more than $4 billion has been seized from the BTC.

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.’”

In this story, tags
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

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Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

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