Netflix Orders Crypto Series A pair of Couple’s Alleged Scheme to Launder $4.5B in Bitcoin Stolen From Bitfinex

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Netflix Orders Crypto Documentary About Couple Accused of Laundering Bitcoin From Bitfinex Hack

Netflix has ordered a documentary series about the couple who allegedly laundered billions of bucks from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, have been arrested in New York this week. The Division of Justice (DOJ) also seized 94,636 bitcoins stolen from the Bitfinex hack.

Documentary Series Concerning the Bitfinex Hack and the Couple Keen, Coming Soon to Netflix

American subscription streaming provider and production firm Netflix launched Friday that it “has ordered a documentary series about a married couple’s alleged plan to launder billions of bucks price of stolen cryptocurrency in the ideal felony monetary crime case in historic past.”

The firm outlined that Chris Smith — infamous for directing “FYRE: The Greatest Birthday party That Never Took space” and “Tiger King” — is decided to recount and government safe the Bitfinex documentary series.

Moreover, writer and producer Reduce Bilton — infamous for “Fraudulent Famed,” “The Inventor: Out for Blood in Silicon Valley,” and “American Kingpin: The Fable Hunt for the Prison Mastermind On the encourage of the Silk Boulevard” — is decided to government safe the Bitfinex documentary series.

The documentary will be about 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 have been arrested of their New York Metropolis condo on Tuesday, February 8, and now face charges of conspiring to launder nearly 120,000 Bitcoin tied to the 2016 hack of a virtual forex alternate.

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

The 31-year-broken-down rapper and light-weight Forbes contributor described herself as an “irreverent comedic rapper” and “crocodile of Wall Boulevard.” The flicks of her rapping have been broadly mocked on social media after her arrest.

The U.S. Division of Justice (DOJ) launched 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. Particularly, court paperwork expose that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that have been stolen from the cryptocurrency alternate.

The DOJ also seized 94,636 BTC from them, which the division described because the “ideal cryptocurrency seizure to this level, valued at greater than $3.6 billion” on the time of the seizure. On the time of writing, the associated rate of the BTC seized is bigger than $4 billion.

The court paperwork extra detail the couple’s “a spread of sophisticated laundering ways,” including using fictitious identities to space up online accounts, using computer programs to automate transactions, depositing stolen funds into accounts at varied cryptocurrency exchanges and darknet markets, and leveraging “anonymity-enhanced virtual forex (AEC), in a convention identified as ‘chain hopping.’”

Tags on this story

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Kevin Helms

A pupil of Austrian Economics, Kevin figured out Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin safety, birth-source systems, network results and the intersection between economics and cryptography.

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