Razzlekhan and husband guilty of $4.5bn Bitcoin launder

[Eugene]

Source: BBC

Razzlekhan and husband guilty of $4.5bn Bitcoin launder

3 August 2023

By Joe Tidy
Cyber correspondent

A husband and wife cyber-crime team have pleaded guilty to trying to launder $4.5bn (£3.5bn) of Bitcoin that he had stolen in a hack in 2016.

Heather Morgan and Ilya Lichtenstein were arrested last year in New York after police traced their riches back to the crypto heist.

While evading police, Morgan masqueraded as a rapper and tech entrepreneur.

As part of a plea deal, Lichtenstein admitted he was behind the hack.

The couple both pleaded guilty to money laundering, but Morgan pleaded guilty to an additional count of conspiracy to defraud the United States.

-snip-

Read more: https://www.bbc.com/news/technology-66390639


Heather Morgan posted highly-produced rap music videos under the moniker Razzlekhan

[Warpy]

1. People paying out real money to buy untraceable fake money

Now let me think, what could possibly go wrong?

[Tansy_Gold]

2. This is something that has always eluded me

I guess greed makes some people . . . stupid?

[Warpy]

3. I read the business model

Limited number of bitcoins issued, people would "invest" in ever shrinking fractions of a single bitcoin.

Conclusion: Ponzi scheme that in the short term would make the world safe for money laundering by drug cartels and kiddie porn pushers and other scum and oh, buy, I was right on both counts.

[peppertree]

4. Republicans' idea of "makers"

They made money - and in a sociopathic, shameless way to boot.

What could be better!