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Sandeep Kumar Mishra
Feb 8, 2022
by Sandeep Kumar Mishra

TikTok Video of 2016 Bitfinex Hacker, Heather Morgan, Goes Viral

Heather Morgan
Hours after the U.S. DOJ issued a press release revealing that it had seized 94,000 BTC and arrested two people in connection to the 2016 Bitfinex hack, a TikTok video of one of the hackers, Heather Morgan went viral. The video posted by one Twitter user shows a girl accepting that she had stolen Bitcoin worth $4.5 billion. The girl in the video is said to be Heather Morgan, one of the two arrested in connection to the 2016 Bitfinex hack. However, the veracity of the video is yet to be established.

U.S. DoJ arrested two individuals in New York on Tuesday on charges of conspiring to launder proceeds from the Bitfinex hack in 2016. The married couple, Ilya 'Dutch' Lichtenstein and Heather Morgan will appear in court at 3:00 p.m. ET in New York. The DoJ has called it the 'largest crypto seizure to date'.

2016 Bitfinex Hack Saw 120,000 BTC Being Stolen

The 'largest crypto seizure to date' has come six years after 120,000 BTC were stolen in a Bitfinex hack in 2016. The stolen Bitcoins were worth $60 million back then and represented almost one-sixth of the total trading volume at the time. This would be worth almost $4.5 billion today. However, the DoJ has only seized 94,000 BTC which are valued at $3.6 billion. According to the law enforcement agency, the two conspirators planned to launder these bitcoins. However, they don't claim that the two were the masterminds behind the original hack.

The couple allegedly used various techniques to launder the stolen bitcoin, including splitting transactions up into thousands of smaller transactions to avoid traceability, using darknet markets, and converting the stolen bitcoins into other types of crypto such as Monero. The statement also named darknet market AlphaBay as one such platform that was allegedly used by the couple.

Soon after the seizure was made, Bitfinex said in a statement that it would work with the DOJ to try and recover the seized bitcoin. It said that if it manages to recover the stolen bitcoins, it will repay investors in its UNUS SED LEO token, which was created to try and backstop a fiscal hole created after an unrelated payment processor used by Bitfinex was seized by authorities in three different countries.

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US DoJ Heather Morgan
TikTok Video of 2016 Bitfinex Hacker, Heather Morgan, Goes Viral
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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