In the crypto world, lack of experience isn’t always a barrier to fortune or notoriety. Take the 2016 Bitfinex hack, which led to charges against a rapper named Razzlekhan and her startup-guy husband.
One of the most enduring mysteries in the world of cryptocurrencies was resolved Thursday when Ilya Lichtenstein acknowledged that he was the hacker who executed the 2016 attack on the Bitfinex exchange.
Lichtenstein, along with his social-media rapper wife, who dubbed herself the “Crocodile of Wall Street,” pleaded guilty to a money-laundering conspiracy tied to the theft of billions of dollars of Bitcoin from the exchange. Who executed the exploit has been the biggest guessing games in crypto after the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
Lichtenstein, 35, admitted during a hearing on Thursday before US District Judge Colleen Kollar-Kotelly that he orchestrated the hack, which took 119,756 Bitcoin from Bitfinex. He faces as long as 20 years in prison.
#Crypto #Razzlekhan #Bitfinex
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_...
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join
Subscribe to Quicktake Explained: https://bit.ly/3iERrup
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
Watch video Did This Couple Launder Billions of Dollars in Bitcoin? online, duration hours minute second in high quality that is uploaded to the channel Bloomberg Originals 21 December 2022. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 206,856 times and liked it 2.8 thousand visitors.