- Amazon MGM Studios is developing "Razzlekhan," a film about the Bitfinex hackers, Ilya Lichtenstein and Heather Morgan.
- The movie is inspired by their involvement in laundering over 94,643 BTC from the 2016 Bitfinex hack, amounting to over $3 billion at the time of their arrest.
- "Razzlekhan" is part of a growing trend of films and documentaries exploring dramatic stories in the cryptocurrency world.
Amazon MGM Studios is venturing into the captivating world of cryptocurrency crimes with its latest project, a film based on the notorious duo Ilya Lichtenstein and Heather Morgan.
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This project draws inspiration from a detailed 2022 New York Times article that likened the pair to "Bitcoin's Bonnie and Clyde," offering a dramatic portrayal of their high-stakes financial escapades.
The film's narrative will revolve around the aftermath of the Bitfinex hack, where approximately 119,754 Bitcoin (BTC) was stolen. The duo executed an intricate money-laundering scheme, moving over 94,643 BTC through a labyrinth of small transactions across various accounts and platforms.
Captured by US authorities in February 2022, the seizure of their Bitcoin stash revealed its astonishing increase from $54 million at the time of the hack to over $3 billion at their arrest.
In a significant turn of events in August 2023, Lichtenstein and Morgan struck a plea deal with prosecutors. Lichtenstein admitted to conspiracy to commit money laundering, while Morgan conceded to both money laundering conspiracy and conspiracy to defraud the United States.
While this film takes a dramatic approach to its subject, it's part of a broader trend of cinematic explorations into the cryptocurrency realm. The collapse of FTX and the subsequent arrest of its CEO, Sam "SBF" Bankman-Fried, sparked discussions of a documentary exploring his interactions with former Binance CEO Changpeng Zhao.
Additionally, Netflix released a documentary in 2022 delving into the life and mysterious death of QuadrigaCX founder Gerald Cotten, highlighting the volatile and often dramatic nature of the crypto industry.
Amazon MGM Studios' new movie "Razzlekhan" is set to offer a thrilling glimpse into the high-stakes world of cryptocurrency and crime. By focusing on the dramatic saga of Lichtenstein and Morgan, the film promises to captivate audiences with its tale of ambition, deception, and the uncharted territory of digital currencies.