Razzlekhan Sentenced to 18 Months
A Washington, D.C., court sentenced Heather Morgan to 18 months in prison for her role in money laundering related to the 2016 Bitfinex hack.
Morgan, also known for her rap character “Razzlekhan,” pleaded guilty in August to conspiracy charges related to money laundering and defrauding the U.S. government.
Two perpetrators of Bitfinex hack now in jail
District Court Judge Colleen Kohler-Cotelli publish Earlier today, Morgan was set to go on trial on November 18. Morgan was arrested in Manhattan in 2022 with her husband. Morgan faces at least five years in prison on multiple charges when the trial begins money laundering and conspiracy.
However, her sentence was reduced earlier today due to her extensive assistance to prosecutors.
“The Department of Justice develops a new legal theory for catching money launderers: charging them with ‘conspiracy to defraud FinCEN.’” It was first used in the case against cryptocurrency hackers Ilya Lichtenstein and Heather Morgan. ” Wrote Financial historian John Paul Koning on X (formerly Twitter)
Morgan’s husband, Ilya Lichtenstein, masterminded the theft of 119,754 Bitcoins, worth nearly $10 billion at today’s prices. Although Morgan was not involved Bitfinex hackshe helped Lichtenstein hide the stolen cryptocurrency.
Prosecutors described how the couple used false identities, transferred money in small increments and made multiple transfers. cryptocurrency exchange Conceal the source of funds. They also used Bitcoin stolen from Bitfinex to purchase NFTs, gold and gift cards.
According to Bloomberg ReportMorgan could only launder 21% of the stolen Bitcoins. She also made several transactions with the Bitfinex fund dark web to further hide the traces.
Earlier this week, Lichtenstein was also sentenced to five years in prison. However, this is well short of his possible maximum term of 20 years, as he has also cooperated vigorously with the authorities. His cooperation and lack of previous criminal record apparently played a role in the incident. commutation.
The 2016 Bitfinex hack remains one of the most serious The Biggest Cryptocurrency Theft historically. Hollywood prepares to dramatize case upcoming movies “Dutch & Razzlekhan” starring Chloë Grace Moretz as Morgan.
The film will explore the pair’s transformation from aspiring entrepreneurs to convicted criminals, with Lewis Pullman and Ariana DeBose rounding out the cast.
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