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- Heather Morgan is one of the culprits of the Bitfinex hack, and reports suggest that she is going for a plea bargain with the authorities to avoid jail time.
- Heather Morgan got busted with her husband for making attempts to launder cryptocurrency snatched from Bitfinex during the great hack of 2016.
- Heather Morgan is an entrepreneur and rapper who is presently out of jail on a bond bail of $3 Million.
Heather Morgan Plea Negotiations
The attorneys of one of the culprits busted in association with efforts for cryptocurrency laundering of Bitcoin worth $3.6 Billion stolen from Bitfinex back in 2016, are presently making negotiations for a plea bargain with a federal prosecutor.
Via her attorneys, the culprit, Heather Morgan, is making her moves for a plea bargain which will resolve the criminal case without the need for her to serve jail time.
Heather Morgan, who is also a rapper in the entertainment industry and an entrepreneur, is presently out of jail on the basis of $3 Million bond bail. She appeared in front of Washington D.C. federal court through her mobile device from her home in NYC, as an element of court proceedings associated with her charges.
Her husband, Ilya Lichtenstein, is also connected in the case along with her, but was absent from the online hearing of the case.
Charges Robustly Sticks to Defraud and Money Laundering
The husband and wife got caught during early February, by the assigned officials from the Department of Justice for making efforts in cryptocurrency laundering of BTC amounting to $3.6 Billion, stolen from one of the most prominent exchanges, Bitfinex.
As per the Department of Justice, both individuals utilized complex methods involving fake IDs, for establishing digital trading accounts. They then took use of their computer software to automate multiple transfers to deposit the theft funds, into the accounts established in numerous cryptocurrency exchanges and dark web marketplaces.
The couple then took the step for fund withdrawal, converting them into Bitcoin and other crypto assets, leaving behind a long thread of transfers for attempting obfuscation of their emergence.
It is noteworthy that, none of the culprits were charged with orchestrating the attack in 2016. The charges robustly stick to a conspiracy of deception in US and money laundering.
If the culprits are convicted, they’ll be sentenced to 5 years at least and 20 years at max.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
