Netflix will do a series on couple accused of bitcoin hack money laundering

Netflix will do a series on couple accused of bitcoin hack money laundering

[#item_full_content]The bizarre case of a New York couple accused of trying to launder $4.5 billion in bitcoin stolen in a 2016 hack will be the subject of a docuseries on Netflix.
The announcement comes just three days after the couple, Ilya “Dutch” Lichtenstein and Heather “Razzlekhan” Morgan were arrested.
The Department of Justice said it had seized more than $3.6 billion in bitcoin that was part of the alleged scheme, the DOJ’s biggest such financial seizure.
Netflix said the series will be directed by Chris Smith, who helmed the Netflix series about the fraudulent Fyre Festival.

The bizarre case of a New York couple accused of trying to launder $4.5 billion in bitcoin stolen in a 2016 hack will be the subject of a docuseries on Netflix, the streaming company said Friday.

The announcement comes just three days after the couple, Ilya “Dutch” Lichtenstein and Heather “Razzlekhan” Morgan, were arrested in their lower Manhattan apartment.

The Crocodile of Wall Street

The Department of Justice at the time of the arrest said it had also seized more than $3.6 billion in bitcoin that was part of the alleged scheme, the biggest such financial seizure in DOJ history.

Netflix said the series on the couple will be directed by Chris Smith, who helmed the Netflix series “FYRE: The Greatest Party That Never Happened,” about the fraudulent Fyre Festival, and was executive producer of the company’s Covid pandemic smash hit “Tiger King.”

The deal comes amid a rise in appetite by Hollywood for stories about the tech world, mostly its failures and frauds.

HBO this week ordered a series called “Doomsday Machine,” depicting Sheryl Sandberg, played by “The Crown” star Claire Foy, and Mark Zuckerberg, and “chronicling the political and social minefields Facebook has navigated on its relentless quest for growth.”

Also this week Hulu dropped the trailer for its forthcoming series about failed blood-testing start-up Theranos called “The Drop Out,” and Apple recently dropped its trailer for WeWork-inspired series “WeCrashed.”

Undoubtedly fueling Netflix’s interest in Morgan’s colourful social media footprint. The 31-year-old is a former Forbes.com contributor and self-described “irreverent comedic rapper” and “crocodile of Wall Street” whose rap videos were widely mocked on Twitter after her arrest.

“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,” Netflix said in its announcement Friday.

Source: CNBC

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