Netflix launches a new series on the 120,000 Bitcoin Bitfinex breach
The Netflix documentary will focus on a couple headquartered in New York and their role in laundering approximately 120,000 BTC associated with the crime.
Netflix, the streaming and production powerhouse, is now developing a documentary series on the notorious Bitfinex breach – one of the largest financial crimes of 2016, including the theft of 119,756 Bitcoin (BTC) – at the time worth $72 million.
The Netflix documentary will focus on a couple headquartered in New York and their role in laundering approximately 120,000 BTC associated with the crime. The documentary, according to Netflix, will be helmed by American director Chris Smith, with Nick Bilton serving as co-executive producer. The announcement read as follows:
“Netflix has commissioned a documentary series about an alleged plot by a married couple to launder billions of dollars’ worth of stolen cryptocurrencies in the world’s largest financial crime case.”
The storey revolves on two central characters: Ilya Lichtenstein and Heather Morgan, a New York City couple connected to the 120,000 Bitcoin robbery and their role in laundering the stolen assets.
As revealed by statistics from Cointelegraph Markets Pro and TradingView, BTC prices have increased by over 7415 percent in the five years after the Bitfinex incident.
According to Netflix, “as the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly attempted to liquidate their digital currency by creating false identities and online accounts, as well as purchasing physical gold, NFTs, and other assets – all while investigators raced to track the money’s blockchain movement.”
Cointelegraph has previously monitored the theft of cash, with the most recent transaction being on February 1, 2022.
Cointelegraph recently spoke with an anonymous cyber vigilante who tracked down the decentralised finance (DeFi) crooks behind the $25 million StableMagnet rug grab and successfully recovered the stolen funds.
Watch the whole episode to see how the vigilante collaborated with the Manchester Police to recover a single USB drive containing around $9 million.