In 2022, Ilya Lichtenstein and Heather Morgan, a married couple, were charged with attempting to launder over $4 billion worth of Bitcoin stolen during the hack. The U.S. government has since seized approximately $3.6 billion in assets from the pairâthe largest financial seizure in history, both in crypto and traditional finance.
Lichtenstein and Morgan are accused of conspiring to launder 119,754 Bitcoin stolen in the hack, which exploited vulnerabilities in the centralized crypto exchange, Bitfinex. According to Deputy Attorney General Lisa Monaco, âIn a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions.â
The DoJ InitiativeThe new DoJ initiative invites individuals to share how the hack and subsequent laundering attempts affected them. However, the departmentâs official stance, as outlined in the announcement, is that under the Crime Victimsâ Rights Act (CVRA), the offenses in this case technically have no âvictims.â The DoJ clarified, âThis notice is being provided out of an abundance of caution.â This suggests that itâs unclear whether affected parties will receive any restitution or formal recognition as victims.
Adding another twist, Morganâs defense team recently released a sentencing memo in which she claims, âIn 2020, I learned that my husband Ilya Lichtenstein committed a serious crime in 2016. When he told me what he had done, I was in complete shock. I made the poor decision to get involved in Ilyaâs crime.â Morgan further explained that she participated in the scheme out of fear for her husbandâs future, as they were planning to start a family together.
For those impacted by the Bitfinex hack, this DoJ website may be their only avenue to share their experience, though whether it will lead to meaningful compensation or justice remains uncertain.