Lorenzo Form talks to us about the story of a couple who are accused of laundering five billion dollars in stolen bit coin. The money is thought to have been laundered from two thousand 16 hack of Bitpinex, which happened six years ago now. Prosecutors do not accuse this couple of stealing the bit coin. They only accuse them of controlling several wallets linked to one original wallet that received the 120000 stolen bit coins.
Paris Marx is joined by Lorenzo Franceschi-Bicchierai to discuss the arrest of Ilya Lichtenstein and Heather Morgan for trying to launder the $5 billion in Bitcoin stolen in the 2016 Bitfinex hack, how they were moving the money, how the authorities found them, and what lessons the case might hold.
Lorenzo Franceschi-Bicchierai is senior staff writer at Motherboard. Follow Lorenzo on Twitter at @lorenzofb.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
Find out more about Harbinger Media Network at harbingermedianetwork.com.
Also mentioned in this episode:
Support the show