Netflix Green Lights New Docuseries on Bitcoin Hacking Couple

Netflix Green Lights New Docuseries on Bitcoin Hacking Couple

Netflix is all set to bring in another true-crime docuseries about the couple, Ilya Lichtenstein and Heather Morgan, who laundered $4.5 billion of Bitcoin. At the time of arrest, The Department of Justice had seized more than $3.6 billion in bitcoin. This is one of the biggest seizures in the history of The Department of Justice.

Netflix has truly created a niche for itself through its true crime docuseries that span from money laundering or dating scams. So it is no surprise the streaming giant is planning another docuseries on the couple who hacked the Bitcoin virtual currency exchange. While no official announcement has been made about when the series will reach us, we certainly know the plan is set for the production of this docuseries. We also have access to the backstory of the series. So, without further ado, let us understand the scam that forms the based of the new Netflix docuseries.

The backstory of the new Netflix docuseries

Ilya Lichtenstein and Heather Morgan were arrested for stealing Bitcoin on February 8th, 2016. The couple hacked and stole around 120,000 Bitcoin assets. When the price of Bitcoin rose from $71 million to nearly $5 billion, the couple resorted to buying physical gold and NFTs from fake accounts.

The couple had a strong social presence, wherein the husband claimed to be a coder and investor and the wife claimed to a rap creator and serial entrepreneur. According to the FBI, however, the couple stole several billions worth cryptocurrency. The stolen bitcoins landed first in Lichtenstein’s account before it reached Morgan’s account. They allegedly used several sophisticated laundering techniques and created several fake identities and accounts while executing their crimes. Sounds a lot like Marty and Wendy, doesn’t it?

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Chris Smith at the helm of the new docuseries

Chris Smith will be directing the new Netflix docuseries. We know him for works like 2019’s Fyre—the Greatest Festival that Never Happened, 100 Foot Wave, and eight-episodes Netflix miniseries The Disappearance of Madeleine McCann.

Given his previous works in docuseries, we can be sure that the new one will be worth a watch. It is too early to say who else will be part of the project. However, we will keep you updated as soon we get any news. Until then, you can check out these docuseries.

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