Netflix's new documentary explains how 'Bitcoin's Bonnie & Clyde' stole $4.5 billion worth of bitcoin.
hen $72 million worth of bitcoin was stolen from Bitfinex, a Hong Kong-based virtual cryptocurrency exchange, it was the second-largest hack of its kind. The 2016 theft sent the entire crypto ecosystem into a tailspin and the value of bitcoin fell about 20% within hours. Bitfinex customers, some of whom had invested their life savings in bitcoin, lost thousands of dollars overnight. Over the next five years, the initial hacked sum grew in value—to approximately $4.
After graduation, Morgan worked in Silicon Valley at a startup called Tamatem, later meeting Lichtenstein at a tech conference. The pair moved to a condo in New York, and Morgan pursued multiple projects, including writing articles for Inc. and Forbes and founding a copywriting and email marketing agency called SalesFolk.
As the doc lays out, Eugene approached a government informant and former cybercriminal named Brett Johnson, who tells filmmakers Eugene asked him how to “cash out” what he’d hacked from the bank. In 2005, the Secret Service flew to Chicago to question Eugene about hacking into their computer, as well as the Indiana Bank hack. Eugene, who admitted to the Indiana Bank hack and agreed to cooperate with the Secret Service as an informant, was never charged with any wrongdoing.
In January 2022, law enforcement obtained a search warrant for the couple's Wall Street apartment and electronic devices. In the apartment, they found currencies from other countries, hollowed-out books, and a bag of burner phones actually labeled"burner phones." Morgan said she didn't know what was going on at first but eventually realized the source of Lichtenstein’s bitcoin was a theft. She then took steps to help launder the proceeds. Morgan also admitted to destroying some evidence .
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