Feb 10, 2022
51 Views
0 0

Rapper accused of laundering billions worth of bitcoin

Written by

TikTok rapper and her husband have been charged with conspiring to launder $4.5bn worth of bitcoin. The bitcoin was stolen from a virtual currency exchange in 2016 in the biggest crypto-heist the world has ever seen.
Heather Morgan, 31, and Ilya’ Dutch’ Lichtenstein, 34, both of New York, New York, were arrested in Manhattan on Tuesday.
The couple is accused of conspiring to launder the proceeds of 119,754 bitcoin swiped from Bitfinex’s platform.  In 2016 a threat actor accessed the exchange’s IT systems and executed over 2,000 unauthorized transactions.
Court documents allege that the bitcoin stolen via the fraudulent transactions was sent to a digital wallet controlled by Lichtenstein.
“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,” said the US Department of Justice in a statement.
The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY
Follow Us
© 2015 – 2019 IT Security Guru – Website Managed by Calm Logic
© 2015 – 2019 IT Security Guru – Website Managed by Calm Logic
This site uses functional cookies and external scripts to improve your experience.
Privacy settings
Privacy Settings / PENDING
This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.
NOTE: These settings will only apply to the browser and device you are currently using.
GDPR Compliance

source

Article Categories:
Mobile Security

Comments are closed.