A New York City-based couple are under investigation for conspiracy to launder BTC tokens. It is also being investigated for defrauding the country by using registered business accounts to legitimize illegal banking activities. If found guilty, both could face up to 25 years in prison. It carries a jail term of 20 years for the first charge and five years for the second charge.
According to court documents, Lichtenstein and Morgan allegedly conspired to launder 119,754 bitcoin proceeds. These bitcoins were stolen after a hacker broke into Bitfinex’s systems. Those bitcoins were sent to a digital wallet controlled by Lichtenstein. The couple are also accused of using laundering techniques to move bitcoins, which is under investigation.
The DoJ report alleges that the couple used fake IDs as well as online accounts created on computer programs to automate payments, so as to launder small amounts of money. It is possible that the couple is depositing this money into accounts on virtual currency exchanges and darknet markets and the money is being brought back from there.
We’ve been cooperating with DOJ since its investigation began and appreciate the dedication and hard work by the DOJ team that led to this great success. Learn more https://t.co/RAlgJO0ggN
— Bitfinex (@bitfinex) February 8, 2022
Heather Morgan founded a B2B startup called SalesFolk in 2009. Ilya Lichtenstein is said to be a tech entrepreneur. The development in this case of 2016 has created a stir through social media. Bitfinex’s Chief Technology Officer Paolo Ardoino has also given his stand on Twitter.
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