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

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

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The historic Bitfinex breach, which stole 119,756 Bitcoin (BTC) worth $72 million at the time, will be the subject of a documentary series produced by Netflix.

In fact, the Netflix documentary will focus on a New York-based couple who accused laundering of approximately 120,000 BTC. The documentary will be directed by American filmmaker Chris Smith, with co-executive producer Nick Bilton, according to Netflix. The following was the announcement:

“Netflix has ordered a documentary series about a married couple’s alleged attempt to launder billions of dollars in stolen cryptos in the world’s biggest financial crime case.”

The plot revolves around two key characters, Ilya Lichtenstein and Heather Morgan, a New York City couple involved in the 120,000 Bitcoin heist and their role in laundering the funds.

Bitcoin price movement since August 2016. Source: TradingView

According to the data, BTC values have increased by over 7415% in just five years following the Bitfinex attack.

“The value of the stolen Bitcoin skyrocketed from $71 million at the time of the theft to over $5 billion. Hence, the pair allegedly attempted to unload their digital money,” according to Netflix. By creating fictitious identities and accounts on the internet. As well as purchasing physical gold, NFTs, and other assets. All the while, investigators were frantically trying to follow the money’s whereabouts on the blockchain.”

An anonymous cyber vigilante recently talked about how he tracked down a bunch of decentralised finance (DeFi) criminals. Who are responsible for the $25 million StableMagnet rug grab. And he succeeded to give back the stolen funds to the investors.

Watch the entire show to learn how the vigilante worked with Manchester Police. In order to recover a single USB device with over $9 million in cash.

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