NY Duo Surrender More Than $2.8B in Historic Plea Deal
In a significant development, Ilya Lichtenstein and Heather Morgan, who were arrested for money laundering charges related to the theft of bitcoins, have struck a plea deal with the U.S. government. Here are the key points:
1. Arrest and Release: Lichtenstein and Morgan were arrested in 2023 for allegedly conspiring to launder proceeds from the theft of 119,754 bitcoins. While Morgan was released on bail in 2022, Lichtenstein remained incarcerated.
2. Plea Deal: After a year of Morgan’s release, both individuals have reached an agreement with the government. They are scheduled to appear before Judge Colleen Kollar-Kotelly on August 3.
3. Cryptocurrency Forfeiture: As part of the plea deal, Lichtenstein and Morgan will surrender a significant amount of cryptocurrency. This includes over 94,643 bitcoins, as well as bitcoin cash, bitcoin gold, monero, tether, and other digital currencies.
4. Physical Asset Confiscation: The government also plans to confiscate U.S. and Canadian gold coins held by the duo. Several bank accounts, including those from JPMorgan Chase, Flagstar, and Wells Fargo, will also be targeted for seizure.
Hot Take:
This plea deal marks a significant milestone in the case involving the theft of bitcoins. The surrender of over $2.8 billion worth of cryptocurrency and the seizure of physical assets and bank accounts demonstrate the government’s commitment to combating money laundering in the crypto space. This case serves as a warning to those who engage in illicit activities using cryptocurrencies that they will be held accountable.
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