Netflix has ordered a documentary sequence in regards to the couple who allegedly laundered billions of {dollars} from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, had been arrested in New York this week. The Division of Justice (DOJ) additionally seized 94,636 bitcoins stolen from the Bitfinex hack.

Documentary Sequence Concerning the Bitfinex Hack and the Couple Concerned, Coming Quickly to Netflix

American subscription streaming service and manufacturing firm Netflix introduced Friday that it “has ordered a documentary sequence a few married couple’s alleged scheme to launder billions of {dollars} price of stolen cryptocurrency within the largest legal monetary crime case in historical past.”

The corporate defined that Chris Smith — famed for guiding “FYRE: The Biggest Celebration That By no means Occurred” and “Tiger King” — is ready to direct and government produce the Bitfinex documentary sequence.

As well as, author and producer Nick Bilton — famed for “Faux Well-known,” “The Inventor: Out for Blood in Silicon Valley,” and “American Kingpin: The Epic Hunt for the Legal Mastermind Behind the Silk Street” — is ready to government produce the Bitfinex documentary sequence.

The documentary will probably be in regards to the couple who allegedly laundered bitcoin price over $4 billion from a 2016 hack of cryptocurrency alternate Bitfinex.

Netflix described:

Ilya ‘Dutch’ Lichtenstein and Heather Morgan had been arrested of their New York Metropolis residence on Tuesday, February 8, and now face expenses of conspiring to launder almost 120,000 Bitcoin tied to the 2016 hack of a digital foreign money alternate.

Whereas Lichtenstein, who holds twin U.S. and Russian citizenship, co-founded Mixrank, a Y-Combinator backed startup, Morgan is an aspiring rapper below the identify Razzlekahn.

The 31-year-old rapper and former Forbes contributor described herself as an “irreverent comedic rapper” and “crocodile of Wall Avenue.” The movies of her rapping had been broadly mocked on social media after her arrest.

The U.S. Division of Justice (DOJ) introduced Tuesday that Lichtenstein, 34, and his spouse, Morgan, 31, have been arrested for “alleged conspiracy to launder $4.5 billion in stolen cryptocurrency” from the 2016 Bitfinex hack. Particularly, court docket paperwork present that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that had been stolen from the cryptocurrency alternate.

The DOJ additionally seized 94,636 BTC from them, which the division described because the “largest cryptocurrency seizure thus far, valued at greater than $3.6 billion” on the time of the seizure. On the time of writing, the worth of the BTC seized is greater than $4 billion.

The court docket paperwork additional element the couple’s “quite a few subtle laundering strategies,” together with utilizing fictitious identities to arrange on-line accounts, utilizing laptop packages to automate transactions, depositing stolen funds into accounts at numerous cryptocurrency exchanges and darknet markets, and leveraging “anonymity-enhanced digital foreign money (AEC), in a apply referred to as ‘chain hopping.’”

Tags on this story
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Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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