Stock Groups

New York couple accused of laundering $4.5 billion in crypto still in plea talks -Breaking

[ad_1]

© Reuters. FILE PHOTO – Photo Illustration of Bitfinex cryptocurrency exchange site taken September 27, 2017. REUTERS/Dado Ruvic/Illustration

By Sarah N. Lynch

WASHINGTON (Reuters] – The New York couple who were accused of laundering $4.5 Billion in cryptocurrency linked to Bitfinex’s hack in 2016 are still negotiating a potential plea deal. Prosecutors said they have reviewed more than 1.1 Gb of evidence.

Ilya Lichtenstein (34), and Heather Morgan (32) were scheduled to appear before a Washington federal court on Friday.

Federal prosecutors filed a request to delay the hearing to Aug. 2 in a court document on Monday U.S. Memorial Day. They said they wanted to discuss “possible resolutions of the case without trial” and that defendants needed to look at “voluminous financial information” handed over by government.

Morgan and Lichtenstein were both arrested on February 2nd and charged with conspiring to launder bitcoin. The money was stolen by Bitfinex hacker 2016 who initiated over 2,000 unauthorised transactions.

U.S. Justice Department officials stated at that time the transactions were worth $71 million in Bitcoin, however, due to the rising value of the currency, their value soared to $4.5 billion by the time they were arrested.

Morgan and Morgan had an active profile on the public, Morgan being known as rapper “Razzlekhan,” which she claimed was a reference to Genghis Kan but with more pizzazz.

The grand jury has yet not returned an indictment against them, even though prosecutors initially indicated that in March, they were willing to suspend the Speedy Trial Act and discuss a possible deal.

Morgan was freed to go home, and Lichtenstein is currently being held without bond.

[ad_2]