USALife.info / NEWS / 2023 / 08 / 04 / 'BITCOIN BONNIE AND CRYPTO CLYDE' ADMIT TO $4.5B CRYPTO LAUNDERING PLOT
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'Bitcoin Bonnie and Crypto Clyde' admit to $4.5B crypto laundering plot

10:47 04.08.2023

In what is being described as the "largest financial seizure ever," a married couple known as "Bitcoin Bonnie and Crypto Clyde" have pleaded guilty to laundering a staggering $4.5 billion in stolen cryptocurrency. Heather Morgan, an online rapper who goes by the name "Razzklekhan," and her husband, Ilya Lichtenstein, a prominent New York technology entrepreneur, were apprehended last year after their lavish lifestyle raised suspicions of involvement in a high-profile crypto heist.

The couple's arrest came following an intensive investigation by the US Justice Department, which managed to recover a remarkable $2.8 billion out of the total stash of stolen bitcoin, currently valued at $3.5 billion. Prosecutors have disclosed that the duo executed the bitcoin theft back in 2016 utilizing sophisticated hacking tools. As part of their plea deal, Lichtenstein admitted to being the mastermind behind the hack, while Morgan pleaded guilty to money laundering and an additional count of conspiracy to defraud the United States.

Despite their efforts to conceal their illicit activities, it was discovered that Morgan had been masquerading as a successful tech businesswoman and even claimed to be a rapper and tech entrepreneur in articles published in Forbes. Lichtenstein entered his guilty plea during a hearing before US District Judge Colleen Kollar-Kotelly in Washington. His wife, Morgan, is expected to enter her own plea later on Thursday, where she will also face an additional charge of conspiracy to defraud the United States.

The stolen bitcoin, which was initially valued at $71 million at the time of the hack, had astonishingly appreciated to over $4.5 billion by the time the couple was detained. Deputy Attorney General Lisa Monaco has stated that the $3.6 billion in assets recovered from the couple represents the largest financial seizure in the history of the US Department of Justice. Prosecutors are now seeking to have the couple forfeit an astonishing $3 billion.

This groundbreaking case has sent shockwaves through the cryptocurrency community, shedding light on the critical need for robust security measures. The hacking incident at Bitfinex, one of the world's largest cryptocurrency exchanges, exposed vulnerabilities within the industry and has raised profound concerns about the overall safety of digital assets.

The plea deal reached between Lichtenstein, Morgan, and the US Attorney's office in Washington marks a significant milestone in the investigation. The couple's guilty pleas and the recovery of a substantial portion of the stolen funds serve as a stern warning to those involved in cryptocurrency-related crimes. This case also serves as a powerful reminder that even the most advanced hackers can ultimately be brought to justice, showcasing the determination and capabilities of law enforcement agencies in combating cybercrime.

/ Friday, August 4, 2023, 10:47 AM /

themes:  Washington  New York (state)



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