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The government moved the stolen Bitcoin
Charged with conspiring to launder billions of dollars in Bitcoin, the couple, Ilya Lichtenstein, 34, and Heather Morgan, 31, were accused of siphoning off chunks of the purloined currency and trying to hide it in a complex network of digital wallets and internet personas.
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Bitcoin trades are publicly visible
For six years, as the value of Bitcoin soared, the loot sat in plain sight online as tiny fractions of the giant sum occasionally disappeared in a blizzard of complex transactions.
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Hackers had emerged from hiding
In the years since the Bitfinex hacking, crypto had exploded into the mainstream, and the theft had become notorious: a bounty worth over $4 billion.
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Law enforcement has the knowledge, tools, and skills to provide some accountability
Prosecutors say they found evidence that Mr. Lichtenstein and Ms. Morgan were sophisticated criminals, including encrypted devices, false identities and books with secret compartments cut into the pages.Credit...
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Bitfinex hacking was the stuff of legend
Mr. Lichtenstein and Ms. Morgan hardly appeared to be suave, or subtle, digital cat burglars — or the tip of a grand conspiracy.
Ms. Morgan was a regular contributor to Forbes and Inc., writing columns that advised
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In January 2017 a portion of what they stole was moved into small complex transactions
According to a criminal complaint filed in federal court in Washington, “this shuffling, which created a voluminous number of transactions, appeared to be designed to conceal the path of the stolen”.
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Stacks of foreign currency, multiple fake identities, and dozens of encrypted devices
The charges were a watershed in the evolving regulation of digital currency and, to some, a step forward in the government’s ability to trace its illegal laundering.
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Inside the Bitcoin Laundering Case That Confounded the Internet
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