Netflix Orders Docuseries About Couple Accused Of Laundering Billions Of Bitcoin

Netflix has ordered a docuseries about recently arrested Ilya Lichtenstein and Heather Morgan, accused of running a massive cryptocurrency laundering scheme, the streamer announced on Friday.

Like reported by the New York Times, Lichtenstein and Morgan were arrested on February 8 on charges related to a 2016 hack of virtual currency exchange Bitcoin. Apparently, the two hacked into the exchange and stole around $120,000 Bitcoin. As the value of the stolen cryptocurrency rose from $71 million to nearly $5 billion, the two allegedly tried to launder the assets by creating fake identities and online accounts to buy physical gold and NFTs. A Netflix press release describes the Lichtenstein and Morgan case as “the biggest financial crime case in history.”

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The series will be directed by Chris Smith, who has directed several documentaries and docuseries for Netflix, many of which focus on con artists and criminal activity. In 2019 he directed “Fyre – The Greatest Festival That Never Happened”, about the infamous 2017 fraudulent music festival that resulted in its founder Billy McFarland being sentenced to six years in prison. The same year, he directed the eight-episode Netflix miniseries “The Disappearance of Madeleine McCann,” which focused on the disappearance of the titular three-year-old, who was reported missing while taking a vacation with her family. in Portugal.

Most recently, he directed “100 Foot Wave,” a series chronicling the career of big wave surfer Garrett McNamara, for HBO last year. The channel has renewed the series for a second season. Smith executive produces the series with Nick Bilton, whose production work includes work on documentaries and docuseries such as “Fake Famous,” “The Inventor: Out for Blood in Silicon Valley” and “American Kingpin : The Epic Hunt for the Criminal Mastermind Behind”. the Silk Road.”

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