In January 2017 a portion of what they stole was moved into small complex transactions - Deepstash
Inside The Mind of Elon Musk

Learn more about crypto with this collection

The importance of innovation

The power of perseverance

How to think big and take risks

Inside The Mind of Elon Musk

Discover 42 similar ideas in

It takes just

7 mins to read

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”.

2

15 reads

MORE IDEAS ON THIS

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 t...

2

26 reads

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.

2

34 reads

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.

2

30 reads

Law enforcement has the knowledge, tools, and skills to provide some accountability

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...

2

15 reads

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

2

11 reads

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.

2

29 reads

CURATED FROM

CURATED BY

adriananghel

Full time dad and IT enthusiast for the rest.

Inside the Bitcoin Laundering Case That Confounded the Internet

Related collections

More like this

The heart symbol in the feudal courts of Europe

During the 12th and 13th centuries, minstrels in France celebrated a form of love that we call today courtly love. The troubadour was to pledge his whole heart to only one woman and promise to be true to her forever. He'd sing to her and the members of the court to which she belonged.

Duri...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates