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America February 11, 2022 2 mins read

Netflix To Do a Series About The $4.5 Billion Bitcoin Laundering Couple

America ı By Rochdi Rais

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A man watching Netflix on TV.

The case of the New York couple that was allegedly trying to launder $4.5 billion of stolen Bitcoin in a 2016 hack will be turned into a docuseries on Netflix, the streaming company said Friday.

The announcement comes just three days after the couple, Ilya “Dutch” Lichtenstein and Heather “Razzlekhan” Morgan were arrested in their lower Manhattan apartment.

According to The Department of Justice, $3.6 billion in Bitcoin were seized at the time of the arrest. The sum was a part of the alleged scheme — the largest financial seizure in DOJ history.

The streaming company said the series on the couple will be directed by Chris Smith. The director has previously helmed the Netflix Series “FYRE: The Greatest Party That Never Happened,” about the fraudulent Fyre Festival, and was executive producer of the company’s Covid pandemic smash hit “Tiger King.”

The news comes amid a huge interest by Hollywood for stories about failures and frauds in the tech industry. This week, HBO started a series based on Facebook called “Doomsday Machine”. The series will portray Sheryl Sandberg and will be played by “The Crown” star Claire Foy, and Mark Zuckerberg and “chronicling the political and social minefields Facebook has navigated on its relentless quest for growth.

Streaming platforms race to depict tech failures

Meanwhile, Hulu has also published a trailer for its forthcoming series about the infamous Theranos called “The Drop Out”, while Apple dropped a trailer for the WeWork-inspired series “WeCrashed.”

Undoubtedly fueling Netflix’s interest is the colorful social media footprint of Morgan, a 31-year-old former Forbes.com contributor, and self-described “irreverent comedic rapper” and “crocodile of Wall Street,” whose videos of her rapping were widely mocked on Twitter after her arrest.

“As the value of the stolen bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and more – all while investigators raced to track the money’s movement on the blockchain,” Netflix said in its announcement Friday.

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Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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