Netflix launches new series about 120,000 Bitcoin Bitfinex hack

The Netflix documentary will focus on a New York-based couple and their involvement in the laundering of approximately 120,000 BTC associated with the crime.

Netflix, the streaming and production powerhouse, will soon release a documentary series about the historic Bitfinex breach, which stole 119,756 Bitcoin (BTC) worth $72 million at the time.

The Netflix documentary will centre on a New York-based couple and their involvement in the laundering of approximately 120,000 BTC associated with the crime. According to Netflix, the documentary will be directed by American filmmaker Chris Smith, with co-executive producer Nick Bilton. The announcement read as follows:

“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.”

The plot revolves around two key characters, Ilya Lichtenstein and Heather Morgan, a New York couple related to the 120,000 BTC robbery and their role in laundering the stolen funds.

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According to data from TradingView, BTC prices have increased by over 7415 percent in the five years since the Bitfinex incident.

“As the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and other assets – all while investigators raced to track the money’s movement on the blockchain,” according to Netflix.

The flow of the stolen cash has previously been traced by BitcoinSupports, with the most recent movement dating back to February 1, 2022.

Recently spoke with an anonymous cyber vigilante who tracked down a group of decentralised finance (DeFi) scammers responsible for the $25 million StableMagnet rug pull and ultimately had the stolen money refunded to the investors.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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