This cryptocurrency hack was so bad Netflix is making a TV show on it

Netflix has ordered a documentary series on a famous cryptocurrency hack that saw more than $72 million stolen from an exchange.

@JakConnorTT
Published Mon, Feb 21 2022 1:02 AM CST   |   Updated Thu, Mar 17 2022 3:14 PM CDT

Back in 2016, the cryptocurrency exchange Bitfinex was hacked, and 120,000 Bitcoin worth about $72 million at the time was stolen.

This cryptocurrency hack was so bad Netflix is making a TV show on it 01 | TweakTown.com

Recently, the US Department of Justice (DOJ) announced the arrest of a couple living in Manhattan for conspiracy of laundering the stolen funds. The couple Ilya Lichtenstein and Heather Morgan were linked to the 2016 heist, and the price of their stolen Bitcoin increased from $72 million to nearly $5 billion over the years of the investigation. The DOJ announced that it had seized $3.6 billion of the stolen funds, with the DOJ's Deputy Attorney General Lisa Monaco saying during the announcement, "Today's arrests, and the department's largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals."

Now, Netflix has ordered a documentary series to be created on the couple accused of laundering billions of dollars as it's alleged that they attempted liquidating the stack of Bitcoin by creating multiple fake identities and accounts that purchased physical gold, NFTs, and more. Due to the transparent nature of the blockchain, vigilante hackers were able to track down the wallets containing the stolen Bitcoin, which resulted in publications such as Cointelegraph tracking any activity of these wallets. The latest movement out of a stolen wallet was as recent as February 1, 2022, when 10,000 Bitcoin worth $383,540,711 at the time was transferred to an unknown wallet.

"Netflix has ordered a documentary series about a married couple's alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history," announced Netflix.

The upcoming documentary series will be directed by Chris Smith. For more information on this story, check out this link here.

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NEWS SOURCE:cointelegraph.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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