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

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Broadcasting and production giant Netflix will soon release a documentary series about the infamous Bitfinex hack – one of the biggest financial crimes of 2016, when 119,756 bitcoins (BTC) were stolen – worth $ 72 million at the time.

The Netflix documentary will focus on a couple from New York and their involvement in money laundering of almost 120,000 BTC related to the crime. According to Netflix, the documentary will be directed by the American director Chris Smith, with Nick Bilton as co-executive producer. Announcement text:

“Netflix commissioned a documentary series about a couple’s alleged plan to launder billions of dollars in stolen cryptocurrencies in history’s largest economic criminal case.”
The plot is based on two main characters – Elijah Lichtenstein and Heather Morgan – a New York couple associated with the theft of 120,000 bitcoins and their involvement in money laundering of the stolen money.

Bitcoin price movement since August 2016. Source: Trading View
Since the Bitfinex hack, bitcoin prices have risen more than 7.415% in just five years, according to data from Cointelegraph Markets Pro and TradingView.

Netflix notes that “as the value of the stolen bitcoin rose from $ 71 million at the time of the hack to almost $ 5 billion, the couple tried to liquidate their digital money by creating fake online identities and accounts, buying physical gold, NFTs and more. – everything “So far, investigators have been trying to track the movement of funds on the blockchain.”

The Cointelegraph has previously tracked the movement of stolen funds, with the latest movement dated February 1, 2022.

RELATED: Cyberwatchers are chasing DeFi scammers on the run with $ 25 million blanket

Cointelegraph recently interviewed an anonymous webmaster who tracked down a group of Decentralized Financial (DeFi) scammers who were responsible for removing a $ 25 million StableMagnet blanket and eventually returned the stolen funds to investors.

Watch the full episode to find out how a security guard coordinated with Manchester Police to get a USB device for around $ 9 million.

Source: CoinTelegraph

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