Blockchain hustler and cringey rapper charged with laundering $4.5B in stolen bitcoin

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US authorities have arrested two folks on fees of conspiring to launder $4.5 billion—sure, billion—in cryptocurrency that was stolen through the 2016 hack of the cryptocurrency alternate Bitfinex.

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Ilya Lichtenstein and his spouse Heather Morgan conspired to launder the proceeds of almost 120,000 stolen bitcoin, in line with court documents cited by the DOJ, which have been transferred to a digital pockets managed by Lichtenstein. For the reason that preliminary hack, roughly 25,000 bitcoin have been transferred out of that pockets and laundered by a fancy sequence of transactions, with the ensuing funds deposited into typical accounts owned by Lichtenstein and Morgan.

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