Bitfinex Hack Suspect Reportedly Negotiating a Plea Deal
- Heather Morgan is reportedly negotiating a plea take care of authorities to keep away from jail time
- Morgan was arrested alongside her husband for making an attempt to launder cryptocurrency stolen through the 2016 Bitfinex Hack
- Ms. Morgan is a rapper and entrepreneur who’s presently out of jail on a $3 million bond bail
The legal professionals of one of many suspects arrested in reference to the tried laundering of $3.6 billion Bitcoin hacked from Bitfinex in 2016 are presently negotiating a plead take care of a federal prosecutor.
Via her legal professionals, the suspect, Heather Morgan, is exploring a plea deal that may resolve her prison case with out her serving time for the costs in opposition to her.
Ms. Morgan, who additionally doubles up as a rapper and entrepreneur, is presently out of jail on a $3 million bond bail. She appeared earlier than a Washington D.C. federal court docket on Monday by way of cellphone from her residence in New York Metropolis, as a part of court docket proceedings associated to her fees. She is charged alongside her husband, Ilya Lichtenstein, who was not current on the listening to.
The couple was arrested in early February by officers from the Division of Justice for making an attempt to launder over $3.6 Billion in Bitcoin linked to the 2016 hack on the Bitfinex alternate.
Based on the Division of Justice, the couple used refined strategies together with false identities to arrange on-line buying and selling accounts. They then utilized pc packages to automate a number of transactions to deposit the stolen funds into the accounts arrange at numerous crypto exchanges and darknet markets. The couple then proceeded to withdraw the funds, convert them to Bitcoin and different cryptocurrencies, leaving a protracted internet of transactions in an try and obfuscate their origins.
To notice is that neither of the suspects is charged with orchestrating the Bitfinex hack in 2016. The costs are strictly linked to cash laundering and conspiracy to defraud the USA. If convicted, the primary cost carries a most sentence of 20 years, with the latter carrying a most of 5 years.