Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin

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Stream­ing and pro­duc­tion giant Net­flix will soon pro­duce a doc­u­men­tary series on the infa­mous Bitfinex hack — one of the biggest finan­cial crimes from 2016 steal­ing 119,756 Bit­coin (BTC) — worth $72 mil­lion at the time. 

The Net­flix doc­u­men­tary will be cen­tered around a New York-based cou­ple and their link to laun­der­ing near­ly 120,000 BTC tied to the crime. Accord­ing to Net­flix, the doc­u­men­tary will be direct­ed by Amer­i­can film­mak­er Chris Smith with Nick Bil­ton as the co-exec­u­tive pro­duc­er. The announce­ment read:

“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 is based on two main char­ac­ters — Ilya Licht­en­stein and Heather Mor­gan — the NYC cou­ple linked to the 120,000 BTC heist and their involve­ment in laun­der­ing the stolen funds.

Bit­coin price move­ment since August 2016. Source: TradingView

As evi­denced by the data from Coin­tele­graph Mar­kets Pro and Trad­ingView, ever since the Bitfinex hack, BTC prices soared over 7415% in just five years. 

Net­flix notes that “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 more – all while inves­ti­ga­tors raced to track the money’s move­ment on the blockchain.”

Coin­tele­graph has pre­vi­ous­ly tracked the move­ment of the stolen funds, with the lat­est move­ment dat­ing back to as recent as Feb 1, 2022. 

Relat­ed: Cyber vig­i­lante hunts down DeFi scam­mers run­ning away with $25M rug pull

Coin­tele­graph recent­ly inter­viewed an anony­mous cyber vig­i­lante who tracked down a group of decen­tral­ized finance (DeFi) scam­mers respon­si­ble for the $25 mil­lion Sta­ble­Mag­net rug pull and even­tu­al­ly had the stolen mon­ey returned back to the investors.

Check out the whole episode to find out how the vig­i­lante coor­di­nat­ed with the Man­ches­ter Police to retrieve a sin­gle USB device with rough­ly $9 million.



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