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Bitfinex: Buried Gold, Burning Trash, and Crypto Treasures

US Couple Reveals Shocking Tale of Hiding Hacked Crypto from Bitfinex According to a news article by CyberNews, a husband-and-wife duo pleaded guilty in an elaborate scheme to launder stolen money from a 2016 crypto hack involving Bitfinex. Conceding guilt, the pair confessed to laundering funds from Bitfinex hack by burying gold and burning documents […]

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US Couple Reveals Shocking Tale of Hiding Hacked Crypto from Bitfinex

According to a news article by CyberNews, a husband-and-wife duo pleaded guilty in an elaborate scheme to launder stolen money from a 2016 crypto hack involving Bitfinex. Conceding guilt, the pair confessed to laundering funds from Bitfinex hack by burying gold and burning documents in Kazakhstan. Moscow-born US citizen Ilya Lichtenstein admitted to hacking the exchange and enlisting his wife, an online rapper named Heather Morgan who has gone by the alias “Razzlekhan,” to help conceal some 119,754 stolen bitcoin. Initially valued at $71 million during the hack, the tokens surged to over $4.5 billion by their February 22 arrests in New York. At the time, Deputy Attorney General Lisa Monaco stated it was the largest U.S. financial seizure, with $3.6 billion recovered. Department of Justice history. Moreover, the DOJ reclaimed an additional $475 million; on Thursday, the couple agreed to forfeit $72 million jointly.

The “Crypto Couple,” Ilya Lichtenstein and Heather Rhiannon Morgan, plan to plead guilty in the bitcoin hack money laundering case. They face accusations of attempting to launder bitcoin stolen in the 2016 hack of Bitfinex.

In a hearing before U.S. District Judge Colleen Kollar-Kotelly in Washington, Moscow-born U.S. citizen Ilya Lichtenstein admitted to hacking the exchange and enlisting his wife, an online rapper named Heather Morgan who has gone by the alias “Razzlekhan,” to help conceal some 119,754 stolen bitcoin.

Six months post-heist, Ilya Lichtenstein and Heather Rhiannon Morgan gained access to the stolen funds from the Hong Kong exchange. They used crypto wallets and Walmart gift cards to launder the stolen Bitfinex cash1. Additionally, Lichtenstein confessed to converting stolen crypto into gold coins, which Morgan subsequently buried. They have informed law enforcement about the location where they stashed the loot.

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‘Bitcoin Rodney’: Unveiling a Billion-Dollar Cryptocurrency Scam

Unveiling the Scheme In a saga straight out of a crime thriller, federal prosecutors in Maryland have cracked down on a high-stakes cryptocurrency scam involving a trio of characters: the enigmatic “Bitcoin Rodney,” his associate dubbed “Bitcoin Beautee,” and an international fugitive, sending shockwaves through the digital currency world. Let’s delve into the details of […]

Two SEC Lawyers Quit Over Misconduct in Digital Licensing Case

Hold onto your hats, crypto enthusiasts! The Securities and Exchange Commission (SEC), the agency tasked with protecting investors, has recently found itself in the hot seat. Two SEC lawyers have resigned, and the agency is facing sanctions after a judge ruled it abused its power in a case against a crypto company. What Went Down? […]

Bitcoin Miners: Halving Blues and a Shift to AI?

Have you heard the buzz about the Bitcoin halving? It’s kind of a big deal in the crypto world, and it’s causing a bit of a stir among Bitcoin miners. In case you’re new to the block (pun intended!), the halving is an event written into Bitcoin’s code that cuts the reward miners get for […]

Halving Explained: What Bitcoin Investors Need to Know

Ever feel like you’re constantly missing out on the next big thing in the world of cryptocurrency? Fear not, fellow investor! Today, we’re diving into the mysterious world of Bitcoin halving, a technical event that some believe holds the key to unlocking a surge in Bitcoin’s price. But before you saddle up and chase rainbows, […]