Netflix To Release New Series On Bitfinex Hack Involving 120,000 Bitcoin

Netflix,a Streaming and production giant will soon produce a documentary series on the infamous Bitfinex hack, one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) worth $72 million at the time. 

The Netflix documentary will center on a New York-based couple and their involvement in the laundering of nearly 120,000 BTC associated with the crime.

According to Netflix, the documentary will be directed by American filmmaker Chris Smith, with co-executive producer Nick Bilton. The announcement read as follows:

“Netflix has ordered a documentary series about an alleged scheme by a married couple to launder billions of dollars in stolen cryptocurrency in the largest criminal financial crime case in history.”

The plot revolves around two main characters, Ilya Lichtenstein and Heather Morgan, a New York couple linked to the 120,000 BTC heist and their role in laundering the stolen funds.

Since August 2016, the price of bitcoin has fluctuated. According to TradingView.

iexclusive News Nigeria reports that according to data from Cointelegraph Markets Pro and TradingView, BTC prices have increased by over 7415 percent in the five years since the Bitfinex hack.

“As the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and other assets – all while investigators raced to track the money’s movement on the blockchain,” according to Netflix.

iexclusivenews reports that the movement of the stolen funds has previously been tracked by Cointelegraph, with the most recent movement dating back to February 1, 2022.

This online news outlets gathered that Cointelegraph recently spoke with an anonymous cyber vigilante who tracked down the decentralized finance (DeFi) scammers responsible for the $25 million StableMagnet rug pull and eventually had the stolen money returned to the investors.

Watch the entire episode to learn how the vigilante collaborated with Manchester Police to recover a single USB device containing approximately $9 million.