Saturday, July 6, 2024

Man Behind $4,500,000,000 Bitfinex Hack Turns Into Federal Witness in Cash Laundering Trial

The notorious hacker who orchestrated the huge 2016 exploit of the crypto change Bitfinex has reportedly changed into a authorities witness.

In 2022, Ilya Lichtenstein and Heather Morgan – often called the “crypto couple” – have been arrested for conspiring to launder $4.5 billion value of stolen crypto belongings from the Bitfinex hack. They pled responsible to the crime final 12 months.

Now, Lichtenstein has appeared as a cooperating US authorities witness in an ongoing cash laundering trial centered across the crypto mixing service Bitcoin Fog, in keeping with a brand new Bloomberg report.

Lichtenstein testified that he had entry to Bitfinex’s methods for months and in addition exploited accounts at US crypto exchanges Coinbase and Kraken.

The hacker additionally reportedly testified that he employed Bitcoin Fog as much as 10 occasions to launder his stolen proceeds, although he famous that he later switched to different mixers, in keeping with the report.

The Federal Bureau of Investigation (FBI) arrested Roman Sterlingov, the alleged principal operator of Bitcoin Fog, again in 2021.

Lichtenstein, who additionally goes by the title “Dutch,” described himself on LinkedIn as a “expertise entrepreneur, coder and investor.”

Morgan is a former Forbes columnist and chief govt of a copywriting agency. She’s additionally an idiosyncratic YouTube rapper often called “Razzlekhan.”

A characteristic movie in regards to the couple titled “Razzlekhan” is reportedly in improvement at Amazon MGM Studios, in keeping with Deadline.

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