Netflix reveals brand-new series on Bitfinex hack including 120,000 Bitcoin

Streaming and production giant Netflix will quickly produce a documentary series on the notorious Bitfinex hack — among the greatest monetary criminal activities from 2016 taking 119,756 Bitcoin (BTC) — worth $72 million at the time. 

The Netflix documentary will be focused around a New York-based couple and their link to laundering almost 120,000 BTC connected to the criminal offense. According to Netflix, the documentary will be directed by American filmmaker Chris Smith with Nick Bilton as the co-executive manufacturer. The statement read:

“Netflix has ordered a documentary series about a married couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history.”

The plot is based upon 2 primary characters — Ilya Lichtenstein and Heather Morgan — the New York City couple connected to the 120,000 BTC break-in and their participation in laundering the taken funds.

Bitcoin cost motion because August 2016. Source: TradingView

As evidenced by the information from Cointelegraph Markets Pro and TradingView, since the Bitfinex hack, BTC rates skyrocketed over 7415% in simply 5 years. 

Netflix keeps in mind that “as the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and more – all while investigators raced to track the money’s movement on the blockchain.”

Cointelegraph has actually formerly tracked the motion of the taken funds, with the current motion going back to as current as Feb 1, 2022.

Related: Cyber vigilante hounds DeFi fraudsters running away with $25M carpet pull

Cointelegraph just recently talked to a confidential cyber vigilante who found a group of decentralized financing (DeFi) fraudsters accountable for the $25 million StableMagnet carpet pull and ultimately had actually the taken cash returned back to the financiers.

Check out the entire episode to learn how the vigilante collaborated with the Manchester Police to recover a single USB gadget with approximately $9 million.