Netflix is gearing up to create a documentary series about the couple who reportedly laundered $4.5 billion in stolen Bitcoin (via Variety† This comes just days after Ilya Lichtenstein and Heather Morgan were arrested in connection with the crimes — and not long after many of us (unfortunately) became aware of Morgan’s rapping alter-ego, Razzlekhan, aka the “Crocodile of Wall Street.” ‘.
The docuseries will be directed by Chris Smith, the executive producer behind the bizarre hit tiger king and director of FYRE: The Biggest Party That Never Happened† Nick Bilton, whose portfolio includes a documentary about the Theranos scandal, The Inventor: Looking for Blood in Silicon Valley, will serve as executive producer. Netflix has not given any details on the possible release date of the series or cast members.
The Department of Justice (DOJ) has accused Morgan and Lichtenstein of being involved in the 2016 hack of crypto exchange Bitfinex, in which an unnamed hacker allegedly managed to transfer 119,756 Bitcoin to a wallet that was connected. with Lichtenstein. The pair reportedly attempted to launder the stolen funds through a “labyrinth” of cryptocurrency transactions, including buying gold and NFTs. At the time, the stolen assets were estimated at about $71 million — that number has since ballooned to $4.5 billion, making the DOJ’s $3.6 billion recovery the “largest financial repossession ever.”