Bitfinex Hack and Bitcoin Laundering Scheme Coming to Netflix

Remember the Bitfinex hack of 2016? Well, this real-life story is now coming to Netflix as a documentary series about the married couple who allegedly laundered part of the proceeds of the hack – an aspiring rapper called Heather Morgan and her husband, Ilya “Dutch” Lichtenstein, both arrested in New York last week.

Streaming giant Netflix will produce the series centred on the Bitfinex hack, which amounted to 120,000 BTC or around US$4.5 billion. It will be directed by American filmmaker and producer Chris Smith.

Morgan and Lichtenstein were arrested on charges of laundering over US$3.6 billion worth of Bitcoin, almost three-quarters of the hack’s total proceeds. Investigators tracked movement of the assets on the blockchain as the couple tried to liquidate them by buying and selling NFTs (non-fungible tokens), physical gold, using fake identities and online accounts.

Whale Alert Spots 10,000 BTC From Bitfinex Hack

Earlier this month, Whale Alert reported that almost US$400 million in proceeds from the Bitfinex hack had been transferred to an unknown wallet.

As an interesting side note, the LEO token, which is a basic exchange utility token used on Bitfinex to lower trading, blew up 60 percent in value following the seizure of the 120,000 BTC.