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

Netflix has ordered a documentary series in regards to the couple who allegedly laundered billions of bucks from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, had been arrested in Unique 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 provider and manufacturing firm Netflix announced Friday that it “has ordered a documentary series about a married couple’s alleged draw to launder billions of bucks worth of stolen cryptocurrency in the greatest legal financial crime case in historical previous.”

The firm outlined that Chris Smith — famed for steering “FYRE: The Very most reasonable Celebration That Now in no contrivance Took place” and “Tiger King” — is decided to enlighten and executive make the Bitfinex documentary series.

Besides, author and producer Slash Bilton — famed for “False Renowned,” “The Inventor: Out for Blood in Silicon Valley,” and “American Kingpin: The Legend Hunt for the Prison Mastermind In the encourage of the Silk Avenue” — is decided to executive make the Bitfinex documentary series.

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

Netflix described:

Ilya ‘Dutch’ Lichtenstein and Heather Morgan had been arrested in their Unique York City condominium on Tuesday, February 8, and now face charges of conspiring to launder almost 120,000 Bitcoin tied to the 2016 hack of a digital 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 establish Razzlekahn.

The 31-year-inclined rapper and passe 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. Department of Justice (DOJ) announced Tuesday that Lichtenstein, 34, and his fundamental other, Morgan, 31, had been arrested for “alleged conspiracy to launder $4.5 billion in stolen cryptocurrency” from the 2016 Bitfinex hack. Particularly, court docket documents show hide that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that had been stolen from the cryptocurrency alternate.

The DOJ also seized 94,636 BTC from them, which the department described as the “greatest cryptocurrency seizure to this level, valued at bigger than $3.6 billion” on the time of the seizure. On the time of writing, the imprint of the BTC seized is bigger than $4 billion.

The court docket documents further detail the couple’s “a immense preference of sophisticated laundering systems,” alongside with the consume of fictitious identities to set up online accounts, the consume of computer programs to automate transactions, depositing stolen funds into accounts at assorted cryptocurrency exchanges and darknet markets, and leveraging “anonymity-enhanced digital forex (AEC), in a note identified as ‘chain hopping.’”

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Kevin Helms

A student of Austrian Economics, Kevin realized Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin security, commence-provide methods, network effects and the intersection between economics and cryptography.

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