Netflix Ordered Documentary About Bitfinex Hack

by in Cryptocurrency News

Netflix Bitfinex crypto

Major streaming service and production company Netflix revealed that it had ordered a doc series about the couple, who allegedly attempted to withdraw funds from one of the largest crypto hacks.

The hack happened in 2016 when hackers managed to exploit the crypto exchange Bitfinex and seize about $3.6 bln in BTC. Several days ago, the Justice Department of the US said that two people, Ilya Lichtenstein and his wife, Heather Morgan were arrested as they allegedly had an intention to launder 119.754 BTC.

According to DoJ, the couple tried to liquidate the amount via fake identities and online accounts, using BTC ATMs, altcoin transactions, and purchases of NFTs. On Feb 8, the couple was arrested in their New York apartment. Since 2016, the amount of stolen BTC has risen from $71 M to $5 bln.

The Netflix film about the heist will be directed by Chris Smith and Nick Bilton.

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Bitfinex is one of the largest crypto exchanges. In 2016, the platform started recovering the lost funds. If the judge finds the couple guilty, Morgan and Lichtenstein will face up to 25 years in prison.

In May 2019, it launched the LEO token to recover losses. Now Bitfinex plans to use the majority of the recovered funds to buy and destroy LEO assets. Currently, LEO token trades at around $5.7. The token reached its all-time high of $8.04 on February 8.