Home Finance Tech Entrepreneur and Hip-Hop Rapper Wife Pleaded Guilty to Laundering Stolen Cryptocurrency Worth Billions!

Tech Entrepreneur and Hip-Hop Rapper Wife Pleaded Guilty to Laundering Stolen Cryptocurrency Worth Billions!

by Editorial Desk
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In a recent development, a technology entrepreneur from New York, Ilya Lichtenstein, has pleaded guilty to the charges of laundering funds that were stolen from Bitfinex, a major cryptocurrency exchange. Interestingly, his wife, Heather Morgan, who is an online rapper known by her hip-hop alias “Razzklekhan,” is also expected to follow suit and enter her plea soon.

The plea was entered during a hearing before U.S. District Judge Colleen Kollar-Kotelly in Washington. Heather Morgan, besides the money laundering charge, also faces an additional count of conspiracy to defraud the United States. The couple had been arrested back in February 2022, in connection with the laundering of more than 100,000 bitcoins. These bitcoins had been stolen by hackers in an attack on Bitfinex in 2016.

The value of the stolen bitcoin at the time was $71 million, but its worth had skyrocketed to over $4.5 billion by the time of their arrests. The Deputy Attorney General, Lisa Monaco, announced that the assets totaling $3.6 billion were successfully recovered by prosecutors from the couple. This seizure was notably the largest financial confiscation in the history of the U.S. Department of Justice.

As part of the plea deal, prosecutors are seeking the couple to forfeit $3 billion. The plea agreement was finalized with the U.S. Attorney’s office in Washington, as indicated by a docket entry in late July.

It’s a significant case involving cryptocurrencies, financial crimes, and the involvement of individuals from different walks of life, and it continues to garner attention from the public and legal experts alike.

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