Streaming and production giant Netflix will soon release a documentary series about the infamous Bitfinex hack — one of the biggest financial crimes of 2016, when 119,756 Bitcoins (BTC) were stolen — worth $72 million at the time.
The Netflix documentary will focus on a New York couple and their involvement in laundering nearly 120,000 BTC related to the crime. According to Netflix, the documentary will be directed by American director Chris Smith, with Nick Bilton serving as co-executive producer. The announcement read:
“Netflix has commissioned a docuseries about a couple’s alleged scheme to launder billions of dollars of stolen cryptocurrencies in the largest financial crime case in history.”
The plot is based on two main characters – Ilya Lichtenstein and Heather Morgan – a New York couple associated with the robbery of 120,000 BTC and their involvement in laundering the stolen funds.
Since the Bitfinex hack, BTC prices have risen by more than 7,415% in just five years, according to data from Cointelegraph Markets Pro and TradingView.
Netflix notes that “as the value of the stolen bitcoin rose from $71 million at the time of the hack to almost $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, as well as buying physical gold, NFTs. and much more – while the investigators raced to trace the movement of money in the blockchain.
Cointelegraph has previously tracked the movement of stolen funds, with the most recent movement dated February 1, 2022.
⚠ ⚠ ⚠ ⚠ ⚠ ⚠ ⚠ ⚠ ⚠ ⚠ 10,000 #BTC ($383,540,711) of stolen funds transferred from Bitfinex Hack 2016 to unknown wallet https://t.co/kvvWQpZoq8 — Whale Alert (@whale_alert) February 1, 2022 G.
Related: Cyber vigilante hunts down DeFi scammers fleeing with $25M carpet
Cointelegraph recently interviewed an anonymous cyber vigilante who tracked down a group of decentralized finance (DeFi) scammers responsible for the $25 million StableMagnet theft and ultimately returned the stolen money to investors.
Watch the entire episode to find out how the vigilante coordinated with the Manchester Police to recover a single USB device worth approximately $9 million.
