On February 8, 2022, the U.S. Department of Justice (DOJ) arrested a couple that is accused of laundering 94,636 bitcoins stolen from Bitfinex in 2016. The DOJ alleges that the tech entrepreneur, Ilya Lichtenstein, and his wife Heather Morgan, conspired to launder billions of dollars worth of bitcoin. The duo could face 25 years in federal prison if convicted. Five months later, a report indicates that a federal judge has given Morgan permission to get a job and “engage in legitimate employment.”
Former Forbes Author and Street Rapper Heather Morgan Granted Pre-Trial Release in Order to Work
Heather Morgan, one of the accused Bitfinex money launderers, will be allowed to get a traditional job after a judge granted the former tech writer at Forbes the ability to work while her legal case continues. Morgan, who also performed as a New York street rapper called “Razzlekhan” or the “Crocodile of Wall Street,” is accused of an “alleged conspiracy to launder” 94,636 bitcoins which are currently worth $1.95 billion using current BTC exchange rates. Morgan and her husband were arrested early this year, and the bitcoins stemming from the 2016 Bitfinex hack were once worth $4.5 billion.
This week a Bloomberg report indicates that a federal judge has given Morgan permission to work amid her pre-trial release. While crimes like murder and burglary have a very low probability of obtaining pre-trial release, statistics show that offenses that involve conspiracy to launder and fraud accusations have an 82% chance of acquiring pre-trial release for specific engagements like attending a funeral or engaging in employment. The judge presiding over Morgan’s case has allowed the former tech author and rapper to seek “legitimate employment.”
The infamous 2016 Bitfinex hack was close to six years ago, when the exchange lost 119,754 BTC at 10:26 a.m. (ET) that year on August 2. As soon as the 2016 Bitfinex hack news spread, the price of bitcoin dropped 22% against the U.S. dollar during the 24-hour period that followed the heist. It is assumed that the Bitfinex hackers were able to access the Bitfinex server for weeks before the crypto assets were stolen, as reports say the attackers searched for private keys. For close to six years, or up until five months ago, the Bitfinex heist was a…
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