Netflix announces a documentary on the 2016 Bitfinex hack

Netflix announces a new series on the 2016 Bitfinex hack

Netflix will soon release a documentary series about the historic Bitfinex breach, which stole 119,756 Bitcoin (BTC) worth $72 million at the time and was one of the largest financial crimes of 2016.

The Netflix documentary will focus on a New York-based couple and their involvement in the laundering of approximately 120,000 BTC.

The documentary will be helmed by American filmmaker Chris Smith, with Nick Bilton serving as co-executive producer, according to Netflix. The announcement read as follows:

“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.”

Ilya Lichtenstein and Heather Morgan, a NYC couple associated with the 120,000 BTC heist and their role in laundering the stolen assets, are the central protagonists in the story.

Netflix announces a documentary on the 2016 Bitfinex hack
Bitcoin price movement since August 2016. Source: TradingView

According to data from TradingView, BTC prices have increased by over 7415 percent in just five years following the Bitfinex attack.

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.”

The stolen assets have been traced in the past, with the most recent transfer dating back to February 1, 2022.

Netflix announces a documentary on the 2016 Bitfinex hack