The US Department of Justice charged himself with money laundering, in which money was defrauded by multiple fraud accounts.
Morgan was accused, along with her husband Ilya Dutch Lichtenstein, of spending almost 120 000 dollars on a stolen Bitcoin. This cryptocurrency was stolen by Bitfinex hack in 2016 and was seized from a 2,000 unauthorized transactions in which 119 754 bitcoin was transferred to a wallet controlled by Lichtenstein. In the past five years, Morgan and Lichtenstein laundered the money through multiple accounts run by fake IDs.
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The defendants laundered stolen funds to avoid an illegal attempt to maintain digital anonymity, said the Deputy Attorney General, Lisa O. Monaco. “With the meticulous work of law enforcement the department showed again how he can and will depend on all of the money, no matter what form it takes.
The notion that cryptocurrency is fake has a tendency to rob the public. This makes Bitcoin and other cryptocurrency wallets popular.
According to the DOJ, Lichtenstein and Morgan transferred 25,000 Bitcoins over the last five years leaving 94 000 in Lichtenstein’s wallet. The DOJ successfully managed to buy the Bitcoins valued at about 3,6 billion dollars, but the value of the currency changes frequently due to the wild currency fluctuations.
On Twitter, Morgan notes her contribution to Forbes where she wrote a paper about the danger of cybercriminals.
Both Morgan and Lichtenstein have been charged with committing money laundering and defrauding the United States. The maximum sentence for them comes together with a combined 25 years of life. Their first court appearance is in Manhattan this afternoon at 3 p.m.
