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The CFTC's enforcement director Ian McGinley will leave the agency on Jan. 17, just days before Donald Trump's inauguration, amid a shift in regulatory focus towards the crypto industry. Meanwhile, decentralized exchange Mango Markets is winding down operations after a settlement with the SEC, and New York's Attorney General is pursuing over $2 million in crypto fraud cases. Additionally, FDIC Vice Chair Travis Hill criticized the debanking of crypto firms, advocating for a new direction that supports law-abiding customers.
Heather Morgan, known as Razzlekhan, has released a new music video titled “Razzlekhan vs. The United States” before her 18-month prison sentence for laundering funds linked to the Bitfinex hack. The video contrasts her courtroom remorse with her bold Razzlekhan persona, featuring provocative lyrics and visuals. Despite her impending incarceration, Morgan aims to inspire misfits and creatives, while facing federal restrictions on her computer use that may hinder her artistic expression.
Heather “Razzlekhan” Morgan has released a new music video, “Razzlekhan vs. The United States,” ahead of her 18-month prison sentence for her involvement in the $10.8 billion Bitfinex Bitcoin heist. The track, described as a "misfits' anthem," reflects her experiences during the legal proceedings and features hidden messages. Morgan's husband, Ilya Lichtenstein, received a five-year sentence for orchestrating the hack, while both were convicted of money laundering.
As 2025 begins, several high-profile cryptocurrency criminals are spending their first New Year in prison. Sam Bankman-Fried, former CEO of FTX, was sentenced to 25 years, while Tornado Cash co-founder Alexey Pertsev received over five years for money laundering. Other notable figures include IcomTech founder David Carmona, sentenced to 10 years, and Bitfinex money launderers Ilya Lichtenstein and Heather Morgan, with Morgan set to report to prison later this month.
Ilya Lichtenstein, convicted for his role in the 2016 Bitfinex hack, claimed full responsibility for the crime in a recent statement, denying any involvement from his wife, Heather Morgan. Lichtenstein received a five-year sentence, while Morgan was sentenced to 18 months for money laundering. The Bitfinex hack resulted in the theft of 119,754 Bitcoin, and a restitution hearing for both is set for February 21, 2024.
Ilya Lichtenstein, serving a five-year sentence for the $10.8 billion Bitfinex hack, claims his wife, Heather "Razzlekhan" Morgan, who received 18 months for laundering the stolen funds, was unaware of the hack. In a recent video, he expressed love for her and criticized a Netflix documentary portraying them negatively. Morgan has yet to report to prison and continues to engage with fans through Cameo while addressing the situation in her music.
Ilya Lichtenstein, sentenced to five years for the 2016 Bitfinex hack, took full responsibility for the crime in a recent social media statement, distancing his wife, Heather Morgan, from the hack itself. Morgan, who received 18 months for money laundering, has resumed promoting her brand online, charging $125 for personalized video messages. A restitution hearing is set for February 21, with plans for user reimbursements to begin in early 2024.
Heather “Razzlekhan” Morgan, sentenced to 18 months for her role in the $10.8 billion Bitfinex hack, has released a song reflecting on her time in solitary confinement and missing her husband, Ilya Lichtenstein, who received a five-year sentence. The track, which she wrote while incarcerated, explores themes of love and separation. Morgan, a former rapper and influencer, expressed the challenges of communication during their prison terms but remains hopeful about their future.
Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his role in one of the largest Bitcoin heists, where he hacked the Bitfinex exchange and laundered stolen funds. He and his wife, Heather Morgan, pleaded guilty to the scheme, with Morgan facing sentencing on November 18, for which the government has recommended 18 months.
Heather Morgan
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