May 26, 2024


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The biggest crypto heist of all time will be the Netflix series

The biggest crypto heist of all time will be the Netflix series

Netflix wants to make a documentary series about the couple who committed the biggest crypto heist ever. The series is directed by Chris Smith known for his previous work “Tiger King”.

Couple Elijah Lichtenstein and Heather Morgan were arrested this week on suspicion of stealing $4.5 billion, or about 120 bitcoins.

They seized those cryptocurrencies in a hack of crypto exchange Bitfinex in 2016. The authorities also effectively confiscated $3.6 billion.

“They bought gold, NFTs, and more.”

Netflix describes the story to be portrayed as follows: “While the value of stolen Bitcoin rose from $71 million at the time of the hack to nearly $5 billion, the couple reportedly attempted to liquidate their digital money. They created fake identities and accounts online, and bought gold Physically, NFTs, and more — all while researchers scrambled to track the movement of money on the blockchain.”

according to Cointelegraph On February 1, 10,000 stolen bitcoins were transferred to an unknown wallet.

The Netflix documentary will follow the case of Lichtenstein and Morgan. The two face up to 20 years in prison for money laundering and five years in prison for “conspiracy to defraud the United States.”