HomeBitcoin NewsNetflix Is Making A Documentary On Bitfinex Hack Involving 120,000 Bitcoin

Netflix Is Making A Documentary On Bitfinex Hack Involving 120,000 Bitcoin

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In essentially the most vital felony crypto crime case in historical past, Netflix plans to launch a documentary collection a few married couple’s alleged try and launder billions of {dollars} in stolen bitcoin.

On Tuesday, February 8, Ilya “Dutch” Lichtenstein and Heather Morgan have been detained of their New York Metropolis residence on allegations of conspiring to launder about 120,000 Bitcoin linked to a 2016 breach of a crypto trade bitfinex. The pair was accused of making an attempt to liquidate their digital property by creating false identities and on-line accounts and buying actual gold, NFTs, and different property. The worth of the stolen Bitcoin on the time of the hack was $71 million. The present worth of the loot is value practically $5 billion. On the identical time, investigators raced to trace the cash’s motion on the blockchain.

Chris Smith (FYRE: The Biggest Celebration That By no means Occurred, Tiger King) will direct and govt produce alongside Nick Bilton (Pretend Well-known, The Inventor: Out for Blood in Silicon Valley, American Kingpin: The Epic Hunt for the Felony Mastermind Behind the Silk Highway).

Netflix’s historical past with crypto

The most recent announcement is the agency’s latest transfer into the crypto-crime world. Final yr, Netflix introduced the discharge of “Belief No One: The Hunt for the Crypto King,” a movie in regards to the QuadrigaCX trade, whose founder Gerald Cotten died unexpectedly whereas possessing the keys to prospects’ accounts, ensuing within the lack of thousands and thousands of {dollars} in Bitcoin and different cryptocurrencies.

On Tuesday, Lichtenstein and Morgan have been detained in New York and charged with fraud and cash laundering for allegedly making an attempt to launder 120,000 bitcoins from bitfinex. On the day of their arrest, the 2 appeared in federal court docket and face a brand new bail listening to on Monday.

The husband-and-wife staff is at the moment awaiting trial, however they’ve been denied bail as a result of the prosecutor believes they’ll abscond. Based on Bloomberg, Lichtenstein stored a “personas” folder and a “Passport concepts” file on his pc containing hyperlinks to counterfeit passports. Based on the prosecutor, a plastic bag marked “burner telephones” was found beneath their mattress.

There isn’t any level in query that this documentary collection will break the bars.

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