$ 1,241.97 0.78%
$ 41.35 1.85%
$ 0.070808 2.90%
$ 5.22 12.76%
$ 21,434.00 0.22%
$ 239.97 0.24%

Bitcoin docuseries: Netflix to produce movie on the couple behind Bitfinex BTC launder 

venti views lI dlA VBp unsplash

TL;DR Breakdown 

  • Netflix is set to create a Bitcoin docuseries about the couple that allegedly hacked Bitfinex in 2016 
  • Authorities arrested the two on February 8th.

Netflix made an announcement on Friday that it would be creating a Bitcoin docuseries to cover the story of Heather Morgan and Ilya Lichtenstein. This couple took part in the biggest cryptocurrency hack of Bitfinex about five years ago. About 120,000 BTC were stolen from the exchange, worth more than $5 billion in today’s Bitcoin market value. 

Authorities arrested the duo on February 8tgh, and they currently face charges of committing financial fraud. A post by the NYT explained that the couple used fake online identities and impersonation as tried to liquidate assets by purchasing NFTs and gold. 

Netflix to run a documentary on Bitfinex hack

In the announcement, the popular video streaming platform Netflix described the couple’s financial altercation as one of the most significant fintech crimes in the history of cryptocurrency and planned to produce a Bitcoin docuseries covering the story.

It is not yet clear how the production will be. However, the director will be Chris Smith. His portfolio in the documentary industry is extensive, with at least 5 docuseries under his belt, including Fyre, The Keepers, and 2019’s Disappearance of Madeleine McCann. 

Quadriga CX Bitcoin docuseries

This will not be the first Netflix documentary on Bitcoin money laundering. In September 2021, the streaming company also announced it would be working on a documentary about the Quadriga CX saga. The docuseries dubbed “Trust No One: The Hunt for the Crypto King” follows the story of the sudden death of Quadriga CX CEO Gerald Cotten and the collapse of the exchange.

His sudden death resulted in the loss of billions of dollars of investor funds. An incident that investors described as fake, and that Cotten only robbed them and faked his death. In the story, a team of investors becomes investigators who dig up facts about the suspicious death of the exchange’s CEO. However, the Bitcoin docuseries “Trust No One” has not been released and is set for release in 2022.

Besides the two, Netflix and most production companies have been working with top news headlines to create interesting content. After Covid-19, the creation of such stories received even more heat, with production teams choosing to utilize archival media footage. 

Therefore, they did not have to shoot more and risk their health to the pandemic. Netflix has also been working on several fraud-related documentaries, including the Tinder Swindler, a story that follows the arrest of a guy in 2015 who would defraud women through online dating applications.

Dennis Mugambi

Dennis Mugambi

Dennis is a content writer with a deep understanding of the blockchain domain and cryptocurrency field. He infuses cold data with flair to make technology and finances mind-blowing. His reports both fascinate and awaken the readers.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Shiba Inu price analysis: SHIB continues to rise with $0.00001350 in sight
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Ripple price analysis: XRP price consolidates below $0.36, but bulls are optimistic

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users