The infamous “Crypto Couple” Ilya Lichtenstein and Heather Morgan pled responsible on Thursday to cash laundering conspiracies referring to the large 2016 hack on the crypto alternate Bitfinex.
Lichtenstein additionally copped to executing the hack himself, clearing up years of thriller concerning how the couple first got here into possession of the stolen Bitcoin (BTC) from Bitfinex.
The U.S. Division of Justice (DOJ) says Lichtenstein used “various superior hacking instruments and strategies” to crack Bitfinex’s community and fraudulently authorize greater than 2,000 transactions. In complete, he transferred 119,754 BTC, price a staggering $3.5 billion at time of writing, to a pockets below his management.
After securing the stolen Bitcoin, the DOJ says that Lichtenstein and Morgan used a sequence of complicated methods to try to obfuscate their digital paper path.
In keeping with the DOJ, the couple despatched the crypto to darknet markets and mixers, utilized faux identities, tapped US-based enterprise accounts to legitimize their banking exercise and exchanged a few of the stolen BTC for gold cash, which Morgan buried.
Lichtenstein pled responsible on Thursday to conspiracy to commit cash laundering, and Morgan pled responsible to at least one rely of cash laundering conspiracy and one rely of conspiracy to defraud the US. He’s going through as much as 20 years in jail, and he or she’s going through as much as 10.
Morgan is a former Forbes columnist and chief government of a copywriting agency. She’s additionally an idiosyncratic YouTube rapper referred to as “Razzlekhan.”
Lichtenstein, who additionally goes by the title “Dutch,” describes himself on LinkedIn as a “know-how entrepreneur, coder and investor.”
A tv restricted sequence concerning the couple titled “Razzlekhan: The Notorious Crocodile of Wall Road” is reportedly in improvement at Hulu.
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