A couple prosecutors say tried to launder $4.5 billion in cryptocurrency connected to the 2016 hack of crypto exchange Bitfinex are negotiating a possible plea deal with prosecutors, according to court documents.
Ilya “Dutch” Lichtenstein, 34, and his wife, Heather Morgan, 32, both of New York, are accused of money laundering and conspiring to defraud the United States. The Justice Department alleges that after hackers broke into the exchange’s computers and transferred funds, Lichtenstein and Morgan set up a vast network of accounts so they could move stolen funds in amounts small enough to defy easy tracing.
The $4.5 billion figure was the result of the surge in cryptocurrency prices between the time of the alleged theft in August 2016 and the date the two were charged — Feb. 7, 2022. A government charging document states: “At the time of the breach, 119,754 BTC was valued at approximately $71 million. Due to the increase in the value of BTC since the breach, the stolen funds are...
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