American rapper, Heather ‘Razzlekhan’ Morgan, and her husband, Ilya Lichtenstein, have entered into a plea agreement with US prosecutors, according to a court document seen by Reuters. The pair were first arrested in February 2022 for allegedly laundering $4.5 billion worth of cryptocurrency stolen through a 2016 hack of digital asset platform Bitfinex.
According to Reuters, the couple will appear before Chief Judge Colleen Kollar-Kotelley in Washington on August 3, 2023, for a plea hearing. In its action last year, the Department of Justice (DoJ) accused the couple with conspiracy to commit money laundering and defraud the United States.
In August 2016, hackers stole more than 119,000 bitcoins from Bitfinex through thousands of unauthorized transactions. The stolen BTCs, which were valued at $71 million at the time, are worth around $3.5 billion at today’s BTC market price.
Last year, the DoJ after the arrest of Morgan and Lichtenstein announced that it had seized about $3.6 billion in stolen digital assets directly linked to the hack. However, prosecutors are now looking for the couple to forfeit billions of dollars in assets.
Bitfinex Continues Recovery Efforts
Meanwhile,
Financial Tycoons reported that Bitfinex continued to support efforts to recover some of the stolen cryptocurrencies. Last month, the exchange received $315,000 in cash and cryptocurrencies from the US Department of Homeland Security (DHS). The cryptocurrencies were seized by the US Consumer and Border Protection, an enforcement agency of the DHS.
Previously, Bitfinex recovered small amounts of the stolen bitcoins. In 2021, the exchange recovered 6.5 BTC worth $305,000 at the time through its partnership with another crypto trading platform, Poloniex. Similarly, Bitfinex in February 2019 took back 28 BTC worth over $107,000 from the US government.
Meanwhile, a recent report by the Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, claimed that Bitfinex never released a confidential report that found its security flaws responsible for the 2016 hack. In response, it dismissed the claims, calling them “factually incorrect.”
American rapper, Heather ‘Razzlekhan’ Morgan, and her husband, Ilya Lichtenstein, have entered into a plea agreement with US prosecutors, according to a court document seen by Reuters. The pair were first arrested in February 2022 for allegedly laundering $4.5 billion worth of cryptocurrency stolen through a 2016 hack of digital asset platform Bitfinex.
According to Reuters, the couple will appear before Chief Judge Colleen Kollar-Kotelley in Washington on August 3, 2023, for a plea hearing. In its action last year, the Department of Justice (DoJ) accused the couple with conspiracy to commit money laundering and defraud the United States.
In August 2016, hackers stole more than 119,000 bitcoins from Bitfinex through thousands of unauthorized transactions. The stolen BTCs, which were valued at $71 million at the time, are worth around $3.5 billion at today’s BTC market price.
Last year, the DoJ after the arrest of Morgan and Lichtenstein announced that it had seized about $3.6 billion in stolen digital assets directly linked to the hack. However, prosecutors are now looking for the couple to forfeit billions of dollars in assets.
Bitfinex Continues Recovery Efforts
Meanwhile,
Financial Tycoons reported that Bitfinex continued to support efforts to recover some of the stolen cryptocurrencies. Last month, the exchange received $315,000 in cash and cryptocurrencies from the US Department of Homeland Security (DHS). The cryptocurrencies were seized by the US Consumer and Border Protection, an enforcement agency of the DHS.
Previously, Bitfinex recovered small amounts of the stolen bitcoins. In 2021, the exchange recovered 6.5 BTC worth $305,000 at the time through its partnership with another crypto trading platform, Poloniex. Similarly, Bitfinex in February 2019 took back 28 BTC worth over $107,000 from the US government.
Meanwhile, a recent report by the Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, claimed that Bitfinex never released a confidential report that found its security flaws responsible for the 2016 hack. In response, it dismissed the claims, calling them “factually incorrect.”
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