The infamous “Crypto Couple” Ilya Lichtenstein and Heather Morgan pled responsible on Thursday to cash laundering conspiracies referring to the huge 2016 hack on the crypto trade 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 “numerous 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 beneath his management.
After securing the stolen Bitcoin, the DOJ says that Lichtenstein and Morgan used a collection of complicated methods to try to obfuscate their digital paper path.
In response to the DOJ, the couple despatched the crypto to darknet markets and mixers, utilized pretend identities, tapped US-based enterprise accounts to legitimize their banking exercise and exchanged among 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 1 rely of cash laundering conspiracy and one rely of conspiracy to defraud america. He’s dealing with as much as 20 years in jail, and he or she’s dealing with as much as 10.
Morgan is a former Forbes columnist and chief govt 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 collection in regards to the couple titled “Razzlekhan: The Notorious Crocodile of Wall Avenue” is reportedly in growth at Hulu.
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