$3.6 billion in Bitcoin seized from Crocodile of Wall Street - page 2.

rhomelmabini

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No God or Kings, only BITCOIN.

Quote from: TravelMug on February 08, 2022, 08:14:21 PM

Here is the official court document: https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

I wonder if those seized 94k total of bitcoins will be given to Bitfinex once again since the the special agents has already access on it? It was still an allegation but I think the investigation has huge ties that they are likely the launderers here and kudos to those who actively participate in this operation.

It's been 6 years but even if they have been silent over it, I think the investigation will still be alive to seize and pursue them.

Quote from: cabron on February 08, 2022, 09:33:42 PM

The DOJ didn't mention how they are connected to the hackers so this is still a classified doc?

I guess it is still classified but they'll be out I think when they get their sentence.

cabron

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Quote from: Kemarit on February 08, 2022, 08:44:28 PM

Quote from: crwth on February 08, 2022, 08:21:33 PM

So they are just in connections with the hackers and they are in charge of making the money clean and not traceable, right?

Yes, most likely this is the case here, we are not sure how they know the hackers, maybe the hackers contacted them or what. But it's clear that the DOJ has trace the trail of the stolen Bitfinex hacked and identify it to Ilya Lichtenstein and Heather Morgan.

And based on the images and their lifestyles, they are living big and obviously you have to question where all the wealth is coming.

Old police work I think. When there is a big heist and someone suddenly living a high life, arise suspicions. People around them sure wonder where they get thier money and if they think like they can buy just about anything and brags about it on social media being a croc on wall street, it's odd. Normally they are sheep and wolves. Grin

The DOJ didn't mention how they are connected to the hackers so this is still a classified doc? The term "Alleged" still makes them not guilty yet.

Kemarit

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Quote from: crwth on February 08, 2022, 08:21:33 PM

So they are just in connections with the hackers and they are in charge of making the money clean and not traceable, right?

Yes, most likely this is the case here, we are not sure how they know the hackers, maybe the hackers contacted them or what. But it's clear that the DOJ has trace the trail of the stolen Bitfinex hacked and identify it to Ilya Lichtenstein and Heather Morgan.

And based on the images and their lifestyles, they are living big and obviously you have to question where all the wealth is coming.

Darker45

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What's with the very large images? You can actually narrow them down by placing width=400 or 500 or whatever size is preferable to you right after [img. Like this, [img width=400]. Perhaps you preferred it this way, but it's a little irritating to the eyes, especially because you posted more than one.

Anyway, I should congratulate the law enforcers for finally seizing the stolen Bitcoin. Although not everything was recovered, at least around 80% has already been confiscated. That's a huge success.

And, unlucky and extremely foolish for both Lichtenstein and Morgan for keeping the private keys in an online account. Both of them are either stupid or too complacent to store online the keys to the wallet where the billions in Bitcoin was stored.

The authorities must be very close to the real culprit.

crwth

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So they are just in connections with the hackers and they are in charge of making the money clean and not traceable, right?

Damn, there is real stuff like this that would make you wonder what more there is in the world that is happening that we don't know of and they are just operating in the shadows.

TravelMug

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Quote from: nullama on February 08, 2022, 07:47:28 PM

I would like to know two things:

How were the Bitfinex bitcoins stolen?

The Bitfinex hacked was in August 2016. The couple was not involved directly. But they are the one who laundered the stolen bitcoin through an elaborate scheme.

Quote

According to court documents, Lichtenstein and Morgan allegedly conspired to launder the proceeds of 119,754 bitcoin that were stolen from Bitfinex’s platform after a hacker breached Bitfinex’s systems and initiated more than 2,000 unauthorized transactions. Those unauthorized transactions sent the stolen bitcoin to a digital wallet under Lichtenstein’s control. Over the last five years, approximately 25,000 of those stolen bitcoin were transferred out of Lichtenstein’s wallet via a complicated money laundering process that ended with some of the stolen funds being deposited into financial accounts controlled by Lichtenstein and Morgan. The remainder of the stolen funds, comprising more than 94,000 bitcoin, remained in the wallet used to receive and store the illegal proceeds from the hack. After the execution of court-authorized search warrants of online accounts controlled by Lichtenstein and Morgan, special agents obtained access to files within an online account controlled by Lichtenstein. Those files contained the private keys required to access the digital wallet that directly received the funds stolen from Bitfinex, and allowed special agents to lawfully seize and recover more than 94,000 bitcoin that had been stolen from Bitfinex. The recovered bitcoin was valued at over $3.6 billion at the time of seizure.

Here is the official court document: https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

nullama

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I would like to know two things:

How were the Bitfinex bitcoins stolen?

How were the bitcoins seized?

arabspaceship123

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It's taken over 6 years for Ilya Lichtenstein 34 and Heather Morgan 31 to be arrested. When 119,754 bitcoins were stolen in 2016 from Bitfinex they were valued at $71m. They're worth over $4.5 billion today. DoJ said it's their largest financial seizure.

They've been using bitcoin ATMs to get cash to buying gold, NFTs and Walmart cards. When police were given search warrants they've found a private key holding 94,000 Bitcoins in one wallet.

They're facing 20 years in jail for money laundering plus 5 years for conspiracy to defraud the US.

She's calling herself Crocodile of Wall Street. Heather Morgan's instagram's @razzlekhan. She's using realrazzlekhan at TikTok because she's said it's like Gengiz Khan but with more pizzazz. She's rapping in TikTok videos realrazzlekhan

She's got her own website https://razzlekhan.com she's dancing and rapping. Her website's posted The infamous Crocodile of Wall Street strikes again! More fearless and more shameless than ever before, she's taking on everyone from big software companies to healthcare to finance bros.

She didn't behave the way other billionaires did now she's a criminal going to jail she'll be released when she's 55.

Topic: $3.6 billion in Bitcoin seized from Crocodile of Wall Street - page 2. (Read 356 times)