https://sputnikglobe.com/20220209/crocodile-of-wall-st-arrested-as-doj-seizes-billions-in-bitcoin-linked-to-bitfinex-hack-1092867815.html
'Crocodile of Wall St' Arrested as DOJ Seizes Billions in Bitcoin Linked to Bitfinex Hack
'Crocodile of Wall St' Arrested as DOJ Seizes Billions in Bitcoin Linked to Bitfinex Hack
Sputnik International
The Department of Justice has announced its biggest financial seizure ever ($3.6 billion), after arresting a New York couple for attempting to launder 119,754... 09.02.2022, Sputnik International
2022-02-09T07:33+0000
2022-02-09T07:33+0000
2022-02-09T07:38+0000
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Self-proclaimed "crocodile of Wall Street", rapper Heather Morgan (also known as "Razzlekhan") and her husband Ilya Lichtenstein have been arrested and are accused of organising a "complicated money laundering process", as they are believed to have pocketed 119,754 bitcoins stolen in a hacking attack on the Bitfinex cryptocurrency exchange in 2016. At the time, the funds were valued at $71 million, but now they are worth dramatically more - around $4.5 billion, prosecutors said.The prosecution said that 25,000 bitcoins were transferred out of the wallet to accounts controlled by the couple. They then allegedly cashed out millions, buying gold and non-fungible tokens as well as other items such as Walmart gift cards used for personal expenses.The charges include conspiracy to commit money laundering and conspiracy to defraud the US, but the couple is not accused of hacking the exchange.
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Evgeny Mikhaylov
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bitcoin, cryptocurrency, rapper
bitcoin, cryptocurrency, rapper
'Crocodile of Wall St' Arrested as DOJ Seizes Billions in Bitcoin Linked to Bitfinex Hack
07:33 GMT 09.02.2022 (Updated: 07:38 GMT 09.02.2022) The Department of Justice has announced its biggest financial seizure ever ($3.6 billion), after arresting a New York couple for attempting to launder 119,754 bitcoins.
Self-proclaimed "crocodile of Wall Street", rapper Heather Morgan (also known as "Razzlekhan") and her husband Ilya Lichtenstein have been arrested and are accused of organising a "complicated money laundering process", as they are believed to have pocketed 119,754 bitcoins stolen in a
hacking attack on the Bitfinex cryptocurrency exchange in 2016. At the time, the funds were valued at $71 million, but now they are worth dramatically more - around $4.5 billion, prosecutors said.
"Today's arrests, and the department's largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals", Deputy Attorney General Lisa O Monaco stated. "In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions".
"Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter what form it takes".
The prosecution said that 25,000 bitcoins were transferred out of the wallet to accounts controlled by the couple. They then allegedly cashed out millions, buying gold and non-fungible tokens as well as other items such as Walmart gift cards used for personal expenses.
The charges include conspiracy to commit money laundering and conspiracy to defraud the US, but the couple is not accused of hacking the exchange.
