Making sense of the Bitfinex Bitcoin billions

Making sense of the Bitfinex Bitcoin billions

What happened with the Bitfinex hack? What does it mean now that the U.S. has the Bitcoin? Why is LEO token mooning and why is Netflix involved? It’s the Netflix script that wrote itself. A story so outlandish, it’s stunned the crypto community; an industry accustomed to apparent suicides in Spanish jail cells and nonfungible token auctions for dead rappers.The plot involves the United States Department of Justice (DoJ), a crypto exchange with a checkered history, a rapper-cum-Forbes magazine writer, a voucher to buy a new PlayStation, an occasional magician and $4 billion worth of Bitcoin....


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Meet The Two Alleged Bitfinex Hackers: Ilya Lichtenstein and Heather Morgan

The recovery of the stolen BTC from the 2016 Bitfinex hack was the news of the day.  That story’s protagonists, though, they’re legends in the making. You can already tell that Ilya Lichtenstein and Heather Morgan will live forever in meme form. The story is so unlikely that many people in the Bitcoin community are doubtful that it happened as reported.  Related Reading | Bitcoin Stolen From Bitfinex Hack Moved For The First Time In Five Years Could this tech entrepreneur and this writer/ rapper have hacked a cryptocurrency exchange? Or are they just the money launderers for a bigger....

Accused Bitfinex Bitcoin Money Launderer Granted Permission to ‘Engage in Leg...

On February 8, 2022, the U.S. Department of Justice (DOJ) arrested a couple that is accused of laundering 94,636 bitcoins stolen from Bitfinex in 2016. The DOJ alleges that the tech entrepreneur, Ilya Lichtenstein, and his wife Heather Morgan, conspired to launder billions of dollars worth of bitcoin. The duo could face 25 years in federal prison if convicted. Five months later, a report indicates that a federal judge has given Morgan permission to get a job and “engage in legitimate employment.” Former Forbes Author and Street Rapper Heather Morgan Granted Pre-Trial Release....

Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Wit...

Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers. Effective immediately, the firm said that “Ontario customers who do not have balances on the platform will have their accounts closed.” In addition, those who do not have open positions in the....

FGC: I know my customers and my customers know me

Common sense kicks in following the Bitfinex Hack. Those of us involved in the cryptocurrency space right now are all certified early adopters and we wear that badge with great pride. We are individualists, a bit edgy and a bit libertarian. Because of this, companies like First Global Credit that take a hard line on the Know Your Customer rules withstand a lot of criticism. Cryptocurrency aficionados do not like the fact that we are legally compelled by international convention to understand who we do business with. But I will tell you from a life-long responsible relationship with my....

Netflix Orders Crypto Series About a Couple’s Alleged Scheme to Launder $4.5B...

Netflix has ordered a documentary series about the couple who allegedly laundered billions of dollars from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, were arrested in New 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 service and production company Netflix announced Friday that it “has ordered a documentary series about a married....