Ilya Lichtenstein and Heather Morgan

The restoration of the stolen BTC from the 2016 Bitfinex hack was the information of the day.  That story’s protagonists, although, they’re legends within the making. You may already inform that Ilya Lichtenstein and Heather Morgan will reside ceaselessly in meme kind. The story is so unlikely that many individuals within the Bitcoin neighborhood are uncertain that it occurred as reported. 

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May this tech entrepreneur and this author/ rapper have hacked a cryptocurrency change? Or are they simply the cash launderers for a much bigger operation? And, did they actually save the personal keys to billions in BTC on the cloud? Or have been they arrange? Is legislation enforcement enjoying methods on the general public or are they the heroes of the day? 

We will’t reply these questions in the mean time. What we will do is discover the Bitfinex hackers’ social media to get a way of who they’re. However first, a abstract.

What’s The Bitfinex Hack All About? And, Why Is It Related Now?

The “Assertion Of Details” obtainable on the web site does an excellent job setting the stage: 

“In or round August 2016, a hacker breached Sufferer VCE’s safety techniques and infiltrated its infrastructure. Whereas inside Sufferer VCE’s community, the hacker was in a position to provoke over 2,000 unauthorized BTC transactions, during which roughly 119,754 BTC was transferred from Sufferer VCE’s wallets4 to an outdoor pockets (Pockets 1CGA4s5 ). On the time of the breach, 119,754 BTC was valued at roughly $71 million. As a result of enhance within the value6 of BTC for the reason that breach, the stolen funds are valued at over $4.5 billion as of February 2022.“

That cash ended up in a Bitcoin deal with related to Ilya Lichtenstein and Heather Morgan, however discover that legislation enforcement by no means says they’re the Bitfinex hackers. Actually, the couple has solely been charged with cash laundering. However, what’s the story right here? Our sister web site Bitcoinist does an excellent job thickening the plot

“The suspects have been arrested in Manhattan, New York. Deputy Legal professional Basic Lisa Monaco referred to as the arrest, one of many largest by way of monetary seizure in historical past.

In that sense, the federal government official acknowledged that Bitcoin and cryptocurrencies are usually not a “secure haven” for criminals. The assertion contradicts others made by public officers, akin to Senator Elizabeth Warren, which have emphasised the alleged use of crypto in felony actions. Monaco added:

“In a futile effort to take care of digital anonymity, the defendants laundered stolen funds by means of a labyrinth of cryptocurrency transactions. Due to the meticulous work of legislation enforcement, the division as soon as once more confirmed the way it can and can comply with the cash, it doesn’t matter what kind it takes.”

Who Is Dutch Ilya Lichtenstein?

Reportedly, Ilya Lichtenstein is a tech entrepreneur and YCombinator alum. In his Twitter, he defines himself as a “Human angel investor, web3 developer, serial entrepreneur.” In his most vital tweet, Dutch criticizes a New York Journal article by saying, “Oh god no. So many phrases about posering on Twitter, nearly nothing about methods to safe your keys, ship a transaction or get a Defi mortgage.”

Does that appear just like the Bitfinex hacker to you? Or, extra importantly, does that appear like an individual who would retailer his personal keys within the cloud? We wouldn’t know. Nevertheless, the report says:

“On January 31, 2022, legislation enforcement gained entry to Pockets 1CGA4s by decrypting a file saved to LICHTENSTEIN’s cloud storage account,8 which had been obtained pursuant to a search warrant. The file contained an inventory of two,000 digital foreign money addresses, together with corresponding personal keys. Blockchain evaluation confirmed that the majority of these addresses have been straight linked to the hack.”

In any case, in an article titled “Rethinking the Ethereum Pockets for Mass Adoption,” within the “Persons are afraid of hackers and malware” part, Ilya Lichtenstein says:

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“The largest menace to mass adoption is no doubt, safety. It’s nonetheless means too laborious to correctly safe plain textual content personal keys with out making a mistake alongside the way in which. We can’t anticipate mainstream customers to be safety specialists in a world the place the commonest password remains to be “123456”. Safety must be in-built to the product by design, not left up the consumer.”

BTC worth chart for 02/09/2022 on Oanda | Supply: BTC/USD on

Who Is Heather Morgan AKA Razzlekhan?

Reportedly, Heather Morgan is a profitable copywriter who grew her personal enterprise with out exterior buyers. On her Twitter web page, she defines herself as a “Serial entrepreneur. SaaS Investor. Razzlekhan. Surrealist Artist, Rapper & Vogue Designer with synesthesia. Additionally Forbes author.” 

Her most vital tweet says: “Good guiding compass to reside by: How a lot of a POSITIVE IMPACT does your life have on others, together with society & nature?”

The rationale she’s far more fascinating than her husband is her rap alter ego, Razzlekhan. Her movies are usually not obtainable on YouTube anymore, however you may nonetheless hearken to the songs on Soundcloud. And, some Twitter customers captured clips of the movies earlier than they disappeared:

Under, there’s one other monitor. Above, there’s a pattern of the couple’s Tik Tok content material:

Extra fascinating but, although, is Morgan’s profession as a Forbes author. In her article titled “Consultants Share Suggestions To Shield Your Enterprise From Cybercriminals,” the supposed Bitfinex hacker says:

“Firms that didn’t have already got distributed groups or make money working from home insurance policies have struggled to transition to going totally distant amidst the pandemic.

Cybercriminals and fraudsters are profiting from this surprising disruption, resulting in a spike in scams and cybercrime.”

Wacky music apart, does that sound like an individual who would launder cash by means of reward playing cards registered beneath her actual identify? We wouldn’t know, however the report says:

“Data confirmed that parts of the $500 reward card have been then redeemed by means of three transactions for private gadgets through the Walmart iPhone utility. Every of the three redemptions have been performed on-line beneath MORGAN’s identify, utilizing considered one of MORGAN’s e-mail addresses, and offering MORGAN and LICHTENSTEIN’s residence deal with for supply.”

What Does The Twitterati Assume About The Alleged Bitfinex Hackers?

Bitcoin investor Alistair Milne questions the couple’s Opsec, “Think about being a hacker (or cash launderer) and holding the unencrypted personal keys to $3.5billion of Bitcoin in an internet account linked to your identify.” Bitcoin safety professional Jameson Lopp questions their alternative of location, “Think about sitting on $4,000,000,000 in stolen bitcoin, understanding you’re being hunted by nation states, and deciding that NYC is a great place to gap up.”

Featured Picture: The alleged Bitfinex hackers from this tweet | Charts by TradingView


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