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Amazon MGM Making Movie $4B Bitfinex Bitcoin Heist Razzlekhan

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  • A new movie about the notorious $4 billion Bitfinex Bitcoin heist by ‘Razzlekhan’ is in the making by Amazon MGM Studio.

A movie about the notorious $4 billion Bitfinex Bitcoin heist is in development by Amazon MGM Studio. The movie is set to depict the lives and crimes of convicted crypto thieves Heather “Razzlekhan” Morgan and Ilya Lichtenstein.

A report on Friday revealed that the still-untitled film will be helmed by director Hannah Marks and co-produced by Lili Reinhart. 

The script for the movie is based on a 2022 New York Times article, and the newspaper is also involved in the production through its partner, Anonymous Content.

See Also: Somesing Social Karaoke Platform Hacked For Over $11.5 Million

The film will focus on Morgan and Lichtenstein, the admitted masterminds behind the 2016 hack of the Bitfinex cryptocurrency exchange, who were arrested in 2022. 

The US Department of Justice accused the duo of conspiracy in connection to a $4 billion theft and money laundering operation.

Morgan, who was known as “Razzlekhan” and worked as a rapper,and a cybersecurity professional prior to her arrest, and Lichtenstein confessed in court to stealing 120,900 Bitcoin. 

Despite agreeing to hand over their ill-gotten gains, they could still face up to 20 years in federal prison if convicted.

Amazon has yet to announce additional details about the film’s production and release dates.

Last year in August, Ilya confessed to being the original hacker responsible for the 2016 cyberattack on cryptocurrency exchange Bitfinex.

See Also: Hacker Mocking Algorand After Maintaining Control Of CEO’s X Account For 15 hours

Lichtenstein made this bombshell admission while pleading guilty to charges of laundering the stolen Bitcoin in a federal court in Washington, D.C. 

His wife, Morgan also entered a guilty plea on charges of money laundering conspiracy and conspiracy to defraud the United States government.



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Press Release

SHIB Lead Dev Gives Major Update On Shiba Inu ERC404 Tokens

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  • Shiba Inu’s lead developer reveals major updates on ERC404 tokens, signaling significant progress and potential for SHIB ecosystem.

The Shiba Inu cryptocurrency community is abuzz with excitement following a major update from Kaal Dhairya, the lead developer and contributor to the project. 

The update, centering around the launch of the highly anticipated NFT SHEboshi, has garnered significant attention worldwide.

In his recent communication, Dhairya delved into the intricacies of the ERC404 token standard, an innovative blend of NFT and fungible token attributes, which has propelled Shiba Inu to the forefront of decentralized experimentation. 

Despite encountering a minor hiccup during the SHEboshi NFT launch, wherein a temporary bug allowed additional minting, the response from the Shiba Inu team was swift and efficient.

See Also: Shiba Inu Team Alerted Its Community On Upcoming SHEboshis NFT Launch

To address the situation, the team has implemented measures to ensure fairness and transparency, including an increase in the total number of SHEboshis from 12,000 to 20,000, allowing all snapshot holders to claim and mint their tokens. 

Furthermore, unclaimed SHEboshis will be made available for LEASH holders to purchase, underscoring the project’s commitment to community inclusivity.

In light of the unexpected surge in sales, the team has outlined a comprehensive plan for the allocation of proceeds, with 50% dedicated to strategic token burns, contributions to nonprofit organizations, team support and liquidity provision, while the remaining 50% will be allocated toward operational expenses and the project’s treasury.

Despite the momentary setback, Dhairya emphasized the team’s unwavering dedication to innovation, learning and community growth. 

Expressing gratitude to the SHIB army for its continued support, he conveyed optimism for the future of the project and its vibrant community.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN



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200 Crypto Accounts Linked Ransomware Operator LockBit Frozen

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A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 crypto accounts linked to their activities.

The action, dubbed Operation Cronos, involved collaboration between the US Department of Justice (DOJ), Europol, and law enforcement agencies from multiple countries.

Europol said that two LockBit actors had been arrested in Poland and Ukraine, and that a further two defendants, thought to be affiliates, had been arrested and charged in the US.

The US Treasury Department’s Office of Foreign Assets Control (OFAC) blacklisted 10 bitcoin and ether addresses associated with the group.

Data from Arkham Intelligence revealed that some OFAC-listed addresses on Tuesday were linked to deposit accounts on KuCoin, Coinspaid, and Binance.

These actions effectively block U.S. entities from providing any financial services to the individuals or the listed crypto addresses.

LockBit, accused of stealing over $120 million from victims worldwide, employs a “Ransomware-as-a-Service” (RaaS) model. 

This means they develop and distribute ransomware tools to affiliates who then deploy them in attacks, often targeting municipal entities and private companies.

See Also: Crypto Ransomware Operator LockBit Website Taken Down By International Enforcement Agencies

Decryption Keys Being Distributed to LockBit’s Victims

As reported earlier, authorities seized LockBit’s website and various pages, hindering their operations and communication channels. 

Additionally, Europol reports that decryption keys are being distributed to victims, offering them a chance to regain access to their locked files without paying ransoms.

As per the announcement, the law enforcement agencies recovered more than 1,000 decryption keys earmarked for victims of LockBit’s attacks. 

The authorities will be contacting those victims to aid them in the recovery of encrypted data.

The NCA’s director general, Graeme Biggar, said, “Through our close collaboration, we have hacked the hackers; taken control of their infrastructure, seized their source code, and obtained keys that will help victims decrypt their systems.”

#Binance #WRITE2EARN



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Crypto Exchange HTX Applies For Hong Kong License

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  • HTX crypto exchange has applied for a crypto license for its local branch in Hong Kong on Feb. 20, planning to operate HBGL Hong Kong Limited in the region.

Cryptocurrency exchange HTX (formerly Huobi) has joined the group of applicants seeking approval to start offering services in Hong Kong.

According to the Securities and Futures Commission’s (SFC) website, HTX wants to get a virtual asset trading platform (VATP) license for its local subsidiary called Huobi HK operated by HBGL Hong Kong Limited. 

As a result, Huobi became the latest crypto company to seek a VATP license in Hong Kong after the local authorities announced a new regulatory regime in late 2022.

See Also: The Hong Kong Monetary Authority (HKMA) Issues Guidance For Firms Offering Crypto Custodial Services

HTX’s application comes shortly after Bybit, another crypto exchange, also filed an application seeking licensing from the SFC to operate in Hong Kong. 

Despite the heightened interest from crypto companies, the SFC has granted licenses to only two exchanges in Hong Kong thus far. OSL and HashKey Exchange secured licenses in December 2020 and November 2022, respectively.

However, criticisms have emerged regarding the effectiveness of Hong Kong’s crypto approach. Wang Yang, vice president of the Hong Kong University of Science and Technology, voiced concerns about the existing licensing system, labeling it as burdensome and counterproductive. 

He also coined the term “Licensed to Be Killed” to highlight the challenges faced by licensed exchanges such as OSL, which have encountered significant losses post-approval to operate in the region.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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