Netflix to produce docuseries on crypto laundering couple

Netflix is planning a documentary series about the couple accused of laundering $4.5 billion in stolen Bitcoin (via Variety). This comes only days after Ilya Lichtenstein and Heather Morgan were arrested in connection with the crimes, and not long after many of us (unfortunately) learned about Morgan’s rapping alter-ego, Razzlekhan, or the “Crocodile of Wall Street.”

Chris Smith, the executive producer of the strange smash Tiger King and director of FYRE: The Greatest Party That Never Happened, will direct the docuseries. Executive producer Nick Bilton, whose credits include The Inventor: Out for Blood in Silicon Valley, a documentary on the Theranos crisis. Netflix hasn’t revealed any information regarding the show’s possible debut date or cast members.

Morgan and Lichtenstein have been accused by the DOJ of being involved in the 2016 breach of crypto exchange Bitfinex, in which an unnamed hacker allegedly transferred 119,756 Bitcoin to a wallet linked to Lichtenstein. The couple allegedly tried to launder the stolen monies by engaging in a “labyrinth” of cryptocurrency transactions that included gold and NFT purchases. The stolen assets were valued at around $71 million at the time, but that figure has subsequently risen to $4.5 billion, making the Department of Justice’s $3.6 billion recoveries the “biggest financial seizure ever.”

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