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

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

Netflix has ordered a documentary sequence concerning 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 Department of Justice (DOJ) additionally 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 manufacturing firm Netflix introduced Friday that it “has ordered a documentary sequence a couple of married couple’s alleged scheme to launder billions of {dollars} price of stolen cryptocurrency within the greatest felony monetary crime case in historical past.”

The firm defined that Chris Smith — famed for steering “FYRE: The Greatest Party That Never Happened” and “Tiger King” — is about to direct and govt produce the Bitfinex documentary sequence.

In addition, author 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 about to govt produce the Bitfinex documentary sequence.

The documentary might be concerning 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 City condo on Tuesday, February 8, and now face costs of conspiring to launder almost 120,000 Bitcoin tied to the 2016 hack of a digital forex alternate.

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

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

The U.S. Department of Justice (DOJ) announced 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. Specifically, courtroom 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 so far, valued at greater than $3.6 billion” on the time of the seizure. At the time of writing, the worth of the BTC seized is greater than $4 billion.

The courtroom paperwork additional element the couple’s “quite a few subtle laundering methods,” 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 forex (AEC), in a follow often known as ‘chain hopping.’”

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