Did This Couple Launder Billions of Dollars in Bitcoin?
In the crypto world, lack of experience isn’t always a barrier to fortune or notoriety. Take the 2016 Bitfinex hack, which led to charges against a rapper named Razzlekhan and her startup-guy husband.
One of the most enduring mysteries in the world of cryptocurrencies was resolved Thursday when Ilya Lichtenstein acknowledged that he was the hacker who executed the 2016 attack on the Bitfinex exchange.
Lichtenstein, along with his social-media rapper wife, who dubbed herself the “Crocodile of Wall Street,” pleaded guilty to a money-laundering conspiracy tied to the theft of billions of dollars of Bitcoin from the exchange. Who executed the exploit has been the biggest guessing games in crypto after the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
Lichtenstein, 35, admitted during a hearing on Thursday before US District Judge Colleen Kollar-Kotelly that he orchestrated the hack, which took 119,756 Bitcoin from Bitfinex. He faces as long as 20 years in prison.
#Crypto #Razzlekhan #Bitfinex
--------
Like this video? Subscribe: kzread.info?sub_...
Become a Quicktake Member for exclusive perks: kzread.infojoin
Subscribe to Quicktake Explained: bit.ly/3iERrup
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
Пікірлер: 272
Do you think Razzlekhan and Dutch pulled off the biggest crypto heist in history?
@firestarter1888
Жыл бұрын
Is there any reason you failed to expose SBF in July when your newsroom was presented with tangible evidence of his fraudulent behaviour.
@leslie1526
Жыл бұрын
Go for it 😂 Let us know how much you los 😂 Some will never learn Dickheadism syndrome
@maxmeier532
Жыл бұрын
They were ahead of their time. The role models of SBF and his whood nymph. In a world where meme dorks are worshipped, from Liver King to Elon Musk, even her "rap" career made sense.
@MayorSom
Жыл бұрын
SBF: what?
@ropro9817
Жыл бұрын
Lol, throw all these scammers into jail and set an example.
The "music" is a worse crime than the theft.
@richardthomas598
Жыл бұрын
That is what Trevor Noah said.
@EffySalcedo
Жыл бұрын
Its durty 🤣
@esterhudson5104
3 ай бұрын
🤣
Honestly. She needed a friend that would tell her to shut up once in a while
Just for the music she deserves prison time IMO
@seanedghill5025
Жыл бұрын
What she is farting out does not fit into any music category known to mankind.
@BigtimeBigA
Жыл бұрын
Roast me but I think Crocodile of Wallstreet slaps! 😛
@tjakkobosma5872
Жыл бұрын
@@BigtimeBigA Look I get wolf of Wallstreet because wolves hunt on land but crocodiles are always in the water so crocodile of Wallstreet does not make sense
@BigtimeBigA
Жыл бұрын
@@tjakkobosma5872 I’m not saying it makes sense, I was just saying after everyone played the song to make fun it grew on me and I actually like it, lol. But just that song, everything else is a crime against music.
@hanshuber1875
Жыл бұрын
I'm Thousands of kilometers away from you, but you killed me with that comment.
Malignant narcissism
I love the part where they covered how they laundered money
10 years of one cold email per day is definitely NOT more than 10k emails 😂
@ktktktktktktkt
Жыл бұрын
She said "at least". One email per day for 10 years is 3,650 so it's not that far off.
@james.telfer
Жыл бұрын
@@ktktktktktktkt err, that's just over a third. Pretty sure you wouldn't like to buy something and find you only got 1/3 of the product!
@ktktktktktktkt
Жыл бұрын
@@james.telfer as I said before, she said "at least" so the "1" means almost nothing in the context. The dataset of the number of emails she sent each day during the time period could have a minimum of 1 but as long as the average is at least about 3, her statement that she's sent at least 10k emails is not false.
Imagine being scammed by those individuals
@VagoniusThicket
2 ай бұрын
The names give you a common denominator. Hmmm ?
@VagoniusThicket
2 ай бұрын
Oy veh !
Crypto is a lunatics castle in the sky.
@Dantee.15
Жыл бұрын
And that’s what they said about the internet early on. Here we all are
@cryptokirbydeletesnegative5345
Жыл бұрын
Nice heart faced smiley...
We All agree she definitely can’t rap to save her own life
From the FTX collapse, we now know that these people have unique ‘personalities’, because their brains are burnt out on speed.
I still don't believe this woman is not a SNL 'comedian' doing that 'great' performances.
@Robert-bn1gq
Жыл бұрын
Las Kardashian..RAP AND.laundry..BITCOIN.🥊
@idicula1979
Жыл бұрын
We all live in an Andy Warholesqe world where we are the actors and our 15 minutes is all hours of the day, life is the canvas we pour our art in to, and for some people that is just being absurd to the highest degree.
@pd2152
Жыл бұрын
She's unmatchable
Netflix is already working on a documentary about this, right?
I can't get enough of this story!
@samthomas1457
Жыл бұрын
I've watched one minute of this video and that's enough for me, see ya.
@xenostim
Жыл бұрын
apparently there's going to be a hulu special AND a netflix special. so don't worry there's plenty more cringe to come
@SourGrey
Жыл бұрын
@@xenostim yes!
pure idiocy and sickness
Still not as cool as a guy jumping out of a plane with a suitcase full of money. RIP D.B Cooper.
@pawelkaras7231
Жыл бұрын
D.B. Cooper the mystery man is boss.
@MichaelDeMersLA
Жыл бұрын
Dey never caught DB Cooper
@musilmark861
Жыл бұрын
The perfect crime
@KS-PNW
11 ай бұрын
@@musilmark861 not really. He probably died after jumping. Over the years a fair of the cash has been found in/around the Columbia River area.
Yes
Thanks for sharing my clip!
@MrSupernova111
Жыл бұрын
Who are you?
2:20 my boy George
Great outreach tips though
That fish is drowning in the ocean lol.
2023 will be full of huge drama with SBF and FTX. Get your popcorn ready.
Great intro
Oooh she strange
This will make a great movie 🍿🎥
@ggurks
2 ай бұрын
No, it won't
They could of been successful with her education and connections, and his growing business. Seems like a case of being too greedy and thinking they could get away with it.
@VagoniusThicket
2 ай бұрын
Kreplach madness !
I wish there were more info on the restitution of fund that will go on.. How will the FBI deal with giving back the bitcoin to the original owners etc..
Yeah go watch her rap hack video
11:40 Does she say alter “eagle?”
The penalties are far too lenient and should be tough. Hackers know what they are doing. Only extremely harsh penalties also deter.
yep.
So many exchanges get "hacked" by their own devs/CEOs
Which is the bigger crime? Stealing some crypto "currency"? The creation of a crypto "currency"? or Setting up a crypto "currency" exchange? (freely stolen from Bertolt Brecht ;-)
@Victoria-zt7zy
Жыл бұрын
The music.
I see she's going for the insanity plea... 🤪
@VagoniusThicket
2 ай бұрын
Matzo ball poisoning.
the real crime here is the rapping
Where are they at with their indictment ?
@KS-PNW
11 ай бұрын
She's out on bail he's still locked up. Theoretically trial is set for this fall but it's already been pushed back a half dozen times.
This video's commentary is proof that the only people who are willing to say nice things about Razzle Khan are other Young Millennials. Even the older end of the Millennial cohort are like "ugh."
@KayDejaVu
Жыл бұрын
Few of these comments speak to the heist itself. Just shows you how the US brain is.
I HOPE THEY GO AFTER LOGAN PAUL NEXT.....
6:35 the journalist watched Word Crimes by Weird Al Yankovic. He's a fan of Weird Al. I found someone who has the same interest as me.
All of it is simply a distraction technique.
What happened to them? "Where she should have walked..."? Did they die?
@funkysmokee8764
Жыл бұрын
i think at the moment she's missing ... some people say presumed dead, so she can keep her mouth shut.
@joshuaoha
Жыл бұрын
@@EmmanuelMotelin iT's aLl A cOnSpiRAcY!!!!
@adrianthoroughgood1191
Жыл бұрын
He said where she would have walked. I think he means where she did walk but he wasn't there to see it so he can't say for certain that she went in that door etc. They were arrested. He is still in jail. They let her out on bail for $3 million. I don't think she's on the run she's just waiting for her court date.
@KS-PNW
11 ай бұрын
@@funkysmokee8764 no. She's very much alive, and on house arrest with an ankle monitor.
@VagoniusThicket
2 ай бұрын
On the beach in TelAviv . 😅
What is that top lip makeup 💄 5:10
that guy at the end said, this isn't a movie...this has movie written all over it! haha
@xenostim
Жыл бұрын
there's shows coming apparently lol. on hulu and maybe netflix
i see a Moonbird LOL 11:44
Unfortunately too many people in this industry are ethically challenged...but they show the clues...the woman is blatantly insane and amoral...
@duaneswaby622
Жыл бұрын
*immoral
@tlustypaczek
Жыл бұрын
She is aesthetically challenged
@KS-PNW
11 ай бұрын
Because she does novelty rap? That seems like a bit of a leap.
A disjointed amalgamation of bits and pieces of other celebs. How sad and tragically unoriginal.
The problem with this story is not what we are told, but what the media doesn't question or ask. I have yet to see any connection whatsoever that they stole the Bitcoin. Somehow they wound up with access to that Bitcoin and stored it in an incredibly sloppy and amateur way. It's obvious they didn't hack it. But how did they end up with it? Not a single story I've watched or read even dares peek into how they got it, and that my friends is a much bigger and more interesting tale.
@mathewgrelr7084
Жыл бұрын
I seen somewbere that her job was to get some info by social engneering, she pretended to be a journalist or job applicant flirted with some employees of bitfinex and then some group helped her with tbe acuail hacking
@nikone4129
Жыл бұрын
@@mathewgrelr7084 The hack was pretty sophisticated considering the level of security that would be in place for the private keys to all that. Makes me wonder if it's dumb luck, like Llewelyn Moss finding that suitcase full of money from a Cartel drug deal gone bad in No Country For Old Men. Or more sinister, someone hacked it, told her, and her and her hubby killed them for it.
@medes5597
5 ай бұрын
They weren't charged with the hack. The media had to be careful about what they said given that. But Dutch has since given a fairly in depth explanation and the DOJ have said they don't think anyone else is involved. It's a combination of Dutch being a lot more skilled of a hacker than he may seem, and Bitfinex having awful security. He got in and basically just sat on it for weeks, watching how it worked, and doing nothing and then struck all at once. All the technical stuff - the way they spiderwebbed it through various wallets, the way they laundered it with alphabay and other darknet markets, etc was all Dutch. It seems Heather was mostly involved in charming people at crypto exchanges to keep accounts they wanted to freeze or close as open for long as possible. But yeah it seems like it was all them.
this netflix tv show appears again
They were ready to be arrested let them face it 😅
Education pays in the long run ✨
people turn hoops trying to articulate Heather when basically the word idiot is fine.
@KS-PNW
11 ай бұрын
?
Right thinking is more reliable than sentiment. One who lives for the well-being of others is someone who has passion for life. One who is compassionate, always ready to help and to awaken others spiritually is truly an enlightened individual. They will live a life full of blessings.
@KS-PNW
11 ай бұрын
Cool story bro
I have seen every documentary about these people and not once do they focus on how the hack happened. I doubt that these idiots hacked an exchange and instead were instead hired to clean hacked funds and so ended up with the funds. Its one thing having burner phones, but these phones were in a ziplock bag and even labeled "Burner Phones". Why? Did they have their normal phones labeled "Non-Burner Phones"? It makes no sense except when it is a set up
@xenostim
Жыл бұрын
I know, all I've gathered is that social engineering was used
@adrianthoroughgood1191
Жыл бұрын
If someone else competent was in charge wouldn't they have done a better job getting the money? Or spread it out among multiple people?
@FlorisDVijfde
4 ай бұрын
They didn't do the hack it seems. They were the fools who thought they could launder the money...or they were patsies. But how did the hacker contact them? I certainly don't trust the FBI or IRS. They needed to score. Too many questions.
I think she didnt know were the money really came from. Her job was only spend it. And i think he knows a lot.
@KS-PNW
11 ай бұрын
Then what was up with her trying to lock the cellphone? I guess she could have been aware that the money wasn't completely legit without knowing exactly why.
Ozark.
@VagoniusThicket
2 ай бұрын
Tel Aviv !
Its amazing when you realise they look like petty thieves compared to what is going on now.
@KS-PNW
11 ай бұрын
Not really. At one point their haul was ~60% the size of Bankman-Fried's.
@VagoniusThicket
2 ай бұрын
@@KS-PNWThere is a common denominator here . Fried,Lichtenstein ,,,,,😅
@KS-PNW
2 ай бұрын
@@VagoniusThicket Kenneth Lay, Martha Stewart.... It's not hard to name two people convicted of financial crimes. Two hardly constitutes a trend though..
Deflection from SBF 🤣
@goodfella_
Жыл бұрын
This guy gets it.
@peaceformula5830
Жыл бұрын
Exactly. The timing. The Noses 👃🥸 are up to their tricks
@KS-PNW
11 ай бұрын
@@peaceformula5830 except this happened way before the sbf stuff broke.
She grew up in California? You don’t say….
Now Bitfinex cares about the safety of users on its platforms.
@natanielb1445
Жыл бұрын
alright bitfinex bot
@KS-PNW
11 ай бұрын
The SEC begs to differ lol
America in a nutshell...literally.
@HUNT-DOG
Жыл бұрын
America criminalizes these types of activities. Literally…
@VagoniusThicket
2 ай бұрын
@@HUNT-DOGNot enough .
Fantastic update, greatly appreciated. On the other hand there are many ways of manipulating the market. I am glad as a small investor that I am putting my hard earned savings into the most, that being said the only transparent market is day trading. My thanks goes to Kaiser Coin for helping me gain over 11btc with his method through trading as it is the only transparent market.
@adrianadestino6420
Жыл бұрын
He is on telegramm
@adrianadestino6420
Жыл бұрын
@k99coin
@bayerjared9425
Жыл бұрын
Yeah, you're right ... just yesterday i made a huge cash out using his signal…
@adrianadestino6420
Жыл бұрын
You can reach him on tel
After Seeing The Lady... Happens When We Get More Than What We Deserve Or What We Are Worthy Of. Of Course She Let Success Into Her Head...
This is a strange story, but it is unlikely that Bitfinex will allow this to happen again.
@johnc2438
Жыл бұрын
Yeaaaahhhhhrrrrriiiiigggghhhhhttttt! 🤣🤣
@tim0tej
Жыл бұрын
Bitfinex paid bots in comments 😂
@dimetriogontsy9505
Жыл бұрын
@@tim0tej Do you really think so? You are wrong of course. Rather, it looks like bitfinex's competitors are paying you.
@duaneswaby622
Жыл бұрын
@@tim0tejthere are so many 😂 it’s so obvious
they should not go to prison for stealing bitcoins. but they should go to jail for that music
Lol. With a face like that; needs must. 😁
great minds!
Cringe has entered the chat
Legendary 😂
It's like "Brewster's Millions," the movie, but in the real world. Thank goodness so many people are gullible! *Sigh*
Another example whats wrong with america.
@KS-PNW
11 ай бұрын
How so?
Holy the look like bro and sis 0:53
@VagoniusThicket
2 ай бұрын
Oy veh !
Nerdinghood
her name is Tether?????
@KS-PNW
11 ай бұрын
Heather
heather has a horrible lisp
Don’t do drugs mm kay…. 🤣
Razzlekhan & Dutch. Please make a movie
Dam she thickkkkkk 1 email a day for 10 years is 3k emails
I admit I think Razzlekhan Heather is hot. Well Razzle Dazzle now that u are poor again, maybe we can give it a go ?
@KS-PNW
11 ай бұрын
She's out on 3 million dollar bail, that's not poor.
@VagoniusThicket
2 ай бұрын
You not kosher!
SBF: Yoo!!
Why is the title called "Did This Couple Launder Billions of Dollars in Bitcoin?" doesn't make much sense but ok...
@robertmartin2262
Жыл бұрын
I think its saying, did this couple really launder.......??? as in can you believe these nerdy idiots actually got away with it for so long.
@adrianthoroughgood1191
Жыл бұрын
It's possible that they didn't steal it themselves, IE do the actual hack. Someone else may have done it and passed on the money to them. But there doesn't seem to be any evidence for that. The title should be steal imo.
@KS-PNW
11 ай бұрын
@@adrianthoroughgood1191 on the contrary, the fact that they haven't been charged with actually stealing the money suggests that they weren't the original thieves.
@adrianthoroughgood1191
11 ай бұрын
@@KS-PNW could be. Or it could be that they just don't have enough evidence to prove they stole it. We don't really know either way. Maybe it'll all come out eventually.
@KS-PNW
11 ай бұрын
@@adrianthoroughgood1191 fair point. We may get an answer when the trial starts/ they plead out but until then your right, we really don't know.
She'll have plenty of time to fine tune her rap career. 😎
uk encrypto gang had 167 million in bit coin when caught and they could only go back 18 months . Thats 1 gang how many are there out there ?
@KS-PNW
11 ай бұрын
Huh? What do you mean "only go back 18 months." Crypto transactions are all logged in the blockchain, thats essentially permanent.
@jonsnow6741
11 ай бұрын
@@KS-PNW that is what the police said in court .
Sounds like Scam Bankman Fraud and his gf all over again!
@xenostim
Жыл бұрын
The bitfinex hack happened back in 2016, so maybe SBF and co were inspired by them. I do wonder if they ever met in nyc
@KS-PNW
11 ай бұрын
Not really the same at all. Ones a hack or social engineering job, the other was a ponzi scam.
@VagoniusThicket
2 ай бұрын
@@xenostimat the Lox and bagel deli .
I just think Heather is amazing
I dont think those pair of nitwits could pull it off on their own,theres a Mr Big out there somewhere...
Dat Grl Got Mo Money dan prez Trump.
What if they wouldnt be caught? That music would go viral and be as popular as all the other pop music?:)
Reported on literally years after it happened 😅
@amansingh5559
Жыл бұрын
Lol
@Vaderoid
Жыл бұрын
This dude doesn't read anything unless it's bReAkInG. What a take.
@angusmatheson8906
Жыл бұрын
So? This is how you do a deep dive on a story most don't know much about. What a dumb take.
@seanedghill5025
Жыл бұрын
It's still a great story!!!!!!!!!!!
@jupiterjones3789
Жыл бұрын
@@seanedghill5025 I can't get enough of it^^
Ftx was 2.0
@KS-PNW
11 ай бұрын
Not really. He ran a ponzi scheme, they (or someone they worked with) hacked a business and transferred funds outside the company. They're both crimes but that's about the only similarity.
i dont blame the scamers i blame the idiots that believe in them
This happened in 2016 and since that time the security of bitfinex has improved significantly.
@KS-PNW
11 ай бұрын
Are you a bot?
White chocolate still the man
Important Lesson: Never judge a person by its color
@KS-PNW
11 ай бұрын
What about this story made you think of that?
@VagoniusThicket
2 ай бұрын
Really ,,that’s all you can say? 🤦🏻♂️
Clearly she's was an undiscovered 'genius' .. anvant guard in the art world and totally mad as a box of frogs..
Cryptocurrency is the future, I think now is the right time to invest and trade crypto. I have been on a part of financial freedom since I accepted crypto
@darwinjefferson7753
Жыл бұрын
Are you sure about that? I’ve lost a lot trying to trade the crypto market on my own. I’m just so confused cause of the price fluctuations
@nethanlukas2514
Жыл бұрын
You have to understand that cypto trading is not magic. You have to work with a pro to make profitable trades. I work with a pro mac_wood who trades and returns my profit. In that case i dont stress about market analysis still i make enough profit.
@liamoliver9841
Жыл бұрын
I have heard about investments with mac_wood, I need to know how safe are the profits.
@nethanlukas2514
Жыл бұрын
@@liamoliver9841 Your profits are safe, over a hundred percent return on investments diresctly sent to your wallet. working with mac_wood has been a blessing to me.
@laurasedford7709
Жыл бұрын
@@nethanlukas2514 How do i contact him?
I always knew that my choice of this exchange would be the best in the last year
@KS-PNW
11 ай бұрын
Because that sounds like something a human being would say.. The Bitfinix bots are out in force in the comment section lol
Canadian government does this all the time...throws money around and collects double back
It’s bitcoin not bitcoins
@BigHenFor
Жыл бұрын
Lol! It is what it is.
@Fudmottin
Жыл бұрын
If I had one Sat for everyone who made that mistake...
@tjakkobosma5872
Жыл бұрын
@@BigHenFor In the title they did it wrong but they changed it shortly after I commented
Crypto project Big Eyes (BIG) will make you life changing money. They recently had a 3D billboard by the Hersey's store. The project has been carefully planned to reach the top 10 Meme coins😻😻
@IsaacSMILE
Жыл бұрын
No.
@paulpaintshop103
Жыл бұрын
No
"Russian" immigrants
@peaceformula5830
Жыл бұрын
Oy Vey