Netflix has recently declared that it would start an exclusive doc series focusing on the accused crypto laundering project. In its blog post which was posted recently, the platform stated that the documentary featuring the alleged scheme of a married couple who laundered cryptocurrency of billion dollars worth.
Netflix operates on a unique documentary series regarding BTC money laundering
The platform persistently surprises the community with the latest documentary series thereof that is associated with Heather Morgan as well as Ilya Lichenstein (the husband thereof). The respective pair got arrested some days back in New York City as they experienced the allegation of laundering more than 120,000 BTC (Bitcoin). The respective funds could probably be linked to the hacking incident underwent by Bitfinex during 2016. Formerly in 2016, the primary cryptocurrency across the market had a trade value of nearly $42,000.
In 2021’s November, an all-time high position was achieved by Bitcoin as it gained a trading price of $69,000. The couple attempted to liquidate the digital funds by utilizing several online accounts as well as feigned identities. Because of the forensic organizations that remained successful in tracing the crypto via the blockchain, the investigators, as well as the law enforcement institutions, pointed out that the respective funds were linked to the two above-mentioned persons.
As per the blog post of Netflix, Chris Smith is set to executive produce and direct the documentary in association with Nick Bilton (the other executive producer having previously worked over Fake Famous, The Investor: out of Blood in Silicon Valley as well as American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road). The market of cryptocurrency has frequently been attacked on the behalf of such attacks and hacks, particularly the exchanges of cryptocurrency.
Crypto invasions and a change
The target of the attackers has been the big companies holding huge funds with the utilization of hot wallets for storage. The respective exploitations have been effective as the big platforms had to terminate their activities following those hacks. The most prominent incident influenced the crypto exchange called Mt. Gox during 2013/14 when the invaders turned out to be capable of reaching 850,000 Bitcoin related to the consumers.
A few of the tokens have been discovered nevertheless the majority of them were hidden on diverse crypto wallets. At present, the figure of such attacks has been decreased to a radical extent.
