A ‘Bitcoin Bonnie and Clyde’ Plead Guilty to a $4.5 Billion Cryptocurrency-Laundering Scheme

When the duo was arrested last year, the Justice Department called what they found its “largest financial seizure ever.” Yet until their hearing this week in Washington, D.C., Morgan and Lichtenstein had not been implicated in the hacking of Bitfinex. Further investigation revealed that Lichtenstein “used a number of advance hacking tools and techniques to gain access to Bitfinex’s network.

The disgraced businessman then “took steps to cover his tracks,” prosecutors claim, going so far as to enlist his wife’s help in stealing the money. Morgan, an aspiring rapper aliased as “Razzlekhan,” has bragged about being “the crocodile of Wall Street” in her music and claims to “make the weird kids feel at home,” according to her bio on the social media site X, formerly known as Twitter. The attention-seeking bandit has been placed on house arrest.

Lichtenstein pleaded guilty to conspiracy to commit money laundering, which could land him a maximum sentence of 20 years in prison. His wife has also pleaded guilty to one count of money laundering conspiracy and one count of conspiracy to defraud the United States. Both counts carry a max of five years in prison, which means that Morgan could serve up to 10 years in jail.

The couple can ask the judge for sentences below the guidelines should prosecutors find their cooperation sufficient. But would the punishment still fit the crime for stealing billions?

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