The producers of ‘Tiger King’ and ‘FYRE’ are teaming together to create a new Netflix series based on the true-life story of Ilya ‘Dutch’ Lichtenstein and Heather Morgan, who was arrested this week on charges of conspiring to launder $4.5 billion in Bitcoin. A total of $3.6 billion was seized by the authorities.  Netflix said today that it has approved a documentary series about the couple accused of attempting to launder funds obtained from the 2016 Bitfinex hack, one of the largest exchange hacks in Bitcoin history. This is the firm’s newest move into the crypto-crime world. Last year, Netflix announced the release of  ‘Trust No One: The Hunt for the Crypto King’, a film about the QuadrigaCX exchange, whose founder Gerald Cotten died suddenly while controlling the keys to users’ wallets, resulting in the loss of millions of dollars in Bitcoin and other cryptocurrencies. Lichtenstein and Morgan were detained in New York on Tuesday and charged with fraud and money laundering for allegedly attempting to launder 120,000 bitcoins over a period of time. Officials from the Justice Department allege they did so by using Bitcoin ATMs, altcoin transactions, and non-fungible token purchases. On the day of their arrest, the two appeared in federal court and will face a new bail hearing on Monday. Morgan had a larger social media presence than Lichtenstein, the founder of the now-defunct blockchain business Endpass. The crypto entrepreneur was active on TikTok and Instagram and had a collection of NFTs on OpenSea until recently. She also went by the stage name “Razzlekhan’ Morgan, who was the CEO of Endpass. She also contributed to Forbes, where she penned many pieces, one of which was titled ‘Protect Your Business from Cybercriminals.’ Chris Smith will direct and executive produce the new series alongside Nick Bilton, who directed the documentary ‘FYRE: The Greatest Party That Never Happened’ and worked as an executive producer on ‘Tiger King.’ Bilton published the book ‘American Kingpin,’ on the hunt for Silk Road creator Ross Ulbricht, and produced the Elizabeth Holmes documentary ‘The Inventor: Out for Blood in Silicon Valley.’ Morgan and Lichtenstein may face up to 25 years in jail if convicted.

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On Tuesday, the US government seized $3.6 billion in bitcoin from the 2016 Bitfinex hack and arrested two individuals, Ilya Lichtenstein and Heather Morgan, on charges of money laundering. Tom[...]

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Dragonfly Capital Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this[...]

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