The producers of ‘Tiger King’ and ‘FYRE’ are teaming together to create a new Netflix series based on the true-life story of Ilya ‘Dutch’ Lichtenstein and Heather Morgan, who was arrested this week on charges of conspiring to launder $4.5 billion in Bitcoin. A total of $3.6 billion was seized by the authorities. Netflix said today that it has approved a documentary series about the couple accused of attempting to launder funds obtained from the 2016 Bitfinex hack, one of the largest exchange hacks in Bitcoin history. This is the firm’s newest move into the crypto-crime world. Last year, Netflix announced the release of ‘Trust No One: The Hunt for the Crypto King’, a film about the QuadrigaCX exchange, whose founder Gerald Cotten died suddenly while controlling the keys to users’ wallets, resulting in the loss of millions of dollars in Bitcoin and other cryptocurrencies. Lichtenstein and Morgan were detained in New York on Tuesday and charged with fraud and money laundering for allegedly attempting to launder 120,000 bitcoins over a period of time. Officials from the Justice Department allege they did so by using Bitcoin ATMs, altcoin transactions, and non-fungible token purchases. On the day of their arrest, the two appeared in federal court and will face a new bail hearing on Monday. Morgan had a larger social media presence than Lichtenstein, the founder of the now-defunct blockchain business Endpass. The crypto entrepreneur...
