Federal authorities seized $3.6 million in stolen Bitcoin and arrested a couple in Manhattan Tuesday in what’s considered the Justice Department’s largest financial cryptocurrency bust to date.
Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, of New York City, were arrested Tuesday morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. BARSTOOL'S PORTNOY MAKES $1M BITCOIN INVESTMENT, SAYS IT'S ‘HERE TO STAY’
She continued: "In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions. Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter what form it takes."
"Cryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency," U.S. Attorney Matthew M. Graves for the District of Columbia said in a statement.
More than 94,000 bitcoin remained in Lichtenstein's wallet used to store the illegal funds, according to the criminal complaint.
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