Defector: Alleged Masterminds Of $4.5 Billion Crypto Heist Also Auteurs Of Weapons-Grade Internet Vanity Trash

[jim bell]

Defector: Alleged Masterminds Of $4.5 Billion Crypto Heist Also Auteurs Of Weapons-Grade Internet Vanity Trash.
https://defector.com/alleged-masterminds-of-4-5-billion-crypto-heist-also-auteurs-of-weapons-grade-internet-vanity-trash/

"The Justice Department announced today they’d arrested the two people behind the 2016 Bitfinex hack and recovered 94,636 of the 119,754 bitcoins stolen in the heist. That haul is currently valued at more than $3.6 billion, making it the largest financial seizure in United States history. That’s so much money—enough, to use an example everyone can agree is relevant, to buy the Sacramento Kings twice. Because the theft and recovery involved cryptocurrency, the details are all pretty fascinating."

"For instance, one of the actual crimes the pair of alleged masterminds are accused of committing is money laundering, which is somewhat redundant given, again, that we are dealing with cryptocurrency. In this case, the feds say Ilya Lichtenstein and Heather Morgan successfully laundered 21 percent of their bitcoin plunder through a number of labyrinthine pathways, including setting up fake accounts, swapping BTC for gold, and buying a bunch of PlayStation and WalMart gift cards. The feds found the unlaundered 79 percent just, uh, sitting in Lichtenstein’s cloud storage account, which they pretty easily recovered after getting a search warrant."
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