There is no doubt that the Bitcoin community is always filled with interesting events that keep on happening. The world of cryptocurrency is a pretty serious and interesting one so once in a while it comes as a great surprise to see the cryptocurrency sector doing well in the entertainment world as well. Something like that has taken place in the Netflix world.
It is good news for cryptocurrency and especially Bitcoin traders since Netflix has made an announcement regarding a particular show based on Bitcoin laundering.
Netflix is a community that has been showing a lot of support for Bitcoin and hence there is no doubt that the cryptocurrency will be greatly supported by the community of Netflix as well. Hence, the world is celebrating the news that a new Netflix show is to be aired based on the community of Bitcoin in the first and best manner.
This will definitely provide Bitcoin with more popularity and recognition. According to crypto news for today, a brand-new Netflix documentary is coming your way and hence people are pretty excited about it in the first place.
The Documentary that is to be made on Netflix is created on the basis of a particularly popular couple who is based in New York and the link that the couple has to the laundering of Bitcoins. The couple apparently ended up participating in the laundering of about 120000 Bitcoins in total in the infamous Bitfinex hack of 2016.
The production and streaming giant that we know as Netflix is soon to start the production of this amazing documentary series that is to be based on the very famous Bitfinex hack that took place in 2016.
The Bitfinex hack was one of the most popular and biggest hacking crimes in the world of cryptocurrency. The people involved in the crime ended up stealing more than 119,756 BTC or Bitcoin which is worth about $72 million at the present time.
The documentary will properly be created in order to ensure that more and more people get to know about the Bitfinex hack that took the world by storm.
The Netflix documentary will be centered around a New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime. According to Netflix, the documentary will be directed by American filmmaker Chris Smith with Nick Bilton as the co-executive producer.
The announcement read:
“Netflix has ordered a documentary series about a married couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history.”
The plot is based on two main characters — Ilya Lichtenstein and Heather Morgan — the NYC couple linked to the 120,000 BTC heist and their involvement in laundering the stolen funds. As evidenced by the data from Cointelegraph Markets Pro and TradingView, ever since the Bitfinex hack, BTC prices soared over 7415% in just five years.
Netflix notes that “as the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and more – all while investigators raced to track the money’s movement on the blockchain.”
Cointelegraph has previously tracked the movement of the stolen funds, with the latest movement dating back to as recent as the 1st of February, 2022.
Cointelegraph has recently had an interview with a pretty anonymous cyber vigilante who managed to track down a specific group of decentralized finance (DeFi) scammers who were responsible for the $25 million StableMagnet rug pull and ultimately had the stolen money effectively returned back to the investors who had managed to lose it in the first place.