The mastermind couple behind the Bitfinex attack is looking for a possible plea deal

Bitfinex is in the headlines yet again when the Crocodile of Wall Street couple are reportedly found negotiating a possible plea deal.
Bitfinex is in the headlines yet again when the Crocodile of Wall Street couple are reportedly found negotiating a possible plea deal.

Bitfinex attack, which chilled the spine of many in 2016, is in the headlines yet again when the “Crocodile of Wall Street” couple are reportedly found negotiating a possible plea deal.

The 34-year-old Ilya Lichtenstein and his wife, Heather Morgan, 31, were charged with alleged laundering of the massive amounts of funds stolen in a major hack of crypto exchange Bitfinex.

As per the recent development in the case, the couple is still working on a possible plea deal. The two were asked to appear in the federal court this Friday, June 3, but the federal prosecutors have requested the court to postpone the hearing until August 2, as they need more time to sort through the heavy financial records and to pursue a plea deal with the couple.

The Department of Justice only charged the couple with laundering the funds and conducting over 2,000 unlawful transactions, not with carrying out the hack themselves. The taken crypto was only worth $72 million at the time, according to the federal executive agency. The valuation had risen to $4.5 billion at the time of the arrest.

Bitfinex attack shocked the crypto world

As TheCoinRise reported, the impact of the Bitfinex attack on the world led to Netflix releasing a new documentary series about the matter. 

The streaming service and production company reported, “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.”

Law enforcement officials are said to have taken $3.6 billion of the funds. The haul was described by US Deputy Attorney General Lisa Monaco as “the department’s largest financial seizure ever.”

Bitfinex acknowledged that it is cooperating with the DOJ in its investigation and expressed satisfaction that the authorities were able to recover “a significant portion of the Bitcoin stolen during the 2016 hack.”

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