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Shocking Netflix documentary shows how 'Bitcoin Bonnie and Clyde' stole $4,500,000,000 in crypto

Home> Film & TV> Netflix

Published 11:31 6 Dec 2024 GMT

Shocking Netflix documentary shows how 'Bitcoin Bonnie and Clyde' stole $4,500,000,000 in crypto

The pair made one major error when laundering the cryptocurrency

Ellie Kemp

Ellie Kemp

Featured Image Credit: Netflix/Heatherreyhan/Instagram

Topics: Netflix, Bitcoin, Cryptocurrency, Film and TV

Ellie Kemp
Ellie Kemp

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A new Netflix documentary is set to examine the couple who pulled off a Bitcoin scam dubbed the 'biggest financial heist of all time'.

Nicknamed the 'Bitcoin Bonnie and Clyde', the pair stole and laundered $4.5 billion worth of the cryptocurrency from Hong Kong's Bitfinex platform.

Their ruse caused Bitcoin's value to tank by 20 percent in 2016.

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Ilya Lichtenstein and his wife Heather Morgan - better known as Dutch and Razzlekhan - were both arrested and later sentenced for their roles in the heist.

In Netflix's trailer - which you can watch below - one law enforcement officer described the couple as 'unique people', with Razzlekhan being the 'first aspiring rapper' he'd ever arrested.

That's right - as well as being a columnist for the likes of Forbes, Morgan also made a bunch of cringe-inducing rap videos.

Posting them to YouTube, she would call herself the 'Crocodile of Wall Street' and even paid out for billboards of her face across New York.

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Lichtenstein, meanwhile, was an entrepreneur who'd founded his own sales business.

Biggest Heist Ever, the new documentary about their heist, released on Friday December 6.

It was Lichtenstein who used 'sophisticated tools' to hack Bitfinex in 2016.

Morgan posted rap videos under the name Razzlekhan (Razzlekhan/YouTube)
Morgan posted rap videos under the name Razzlekhan (Razzlekhan/YouTube)

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He made 2,000 illegal transactions of some 120,000 Bitcoin from the virtual currency exchange.

While Morgan didn't find out about the hack until three years later, she went on to help her husband launder the funds.

The pair spent some of the stolen money on gold, NFTs and even a new Playstation.

But they made a key mistake when loading Walmart gift cards with the stolen money.

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When Morgan went to activate the vouchers on her iPhone, law enforcement could see they were registered to an account in her name, linking her to the flow of stolen Bitcoin.

Both Morgan and Lichtenstein were sentenced for the crime (OLIVIER DOULIERY/AFP via Getty Images)
Both Morgan and Lichtenstein were sentenced for the crime (OLIVIER DOULIERY/AFP via Getty Images)

The couple were busted when they were arrested on conspiracy to launder charges in February 2022.

Lichtenstein pleaded guilty to conspiracy to commit money laundering, as well as carrying out the hack, in August 2023.

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Morgan admitted to one count of money laundering conspiracy and one count of conspiracy to defraud the United States.

In November 2024, Lichtenstein was sentenced to five years behind bars, while Morgan was handed an 18 month sentence.

Biggest Heist Ever is streaming now on Netflix.

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