The producers of ‘Tiger King’ and ‘FYRE’ are teaming together to create a new Netflix series based on the true-life story of Ilya ‘Dutch’ Lichtenstein and Heather Morgan, who was arrested this week on charges of conspiring to launder $4.5 billion in Bitcoin. A total of $3.6 billion was seized by the authorities.  Netflix said today that it has approved a documentary series about the couple accused of attempting to launder funds obtained from the 2016 Bitfinex hack, one of the largest exchange hacks in Bitcoin history. This is the firm’s newest move into the crypto-crime world. Last year, Netflix announced the release of  ‘Trust No One: The Hunt for the Crypto King’, a film about the QuadrigaCX exchange, whose founder Gerald Cotten died suddenly while controlling the keys to users’ wallets, resulting in the loss of millions of dollars in Bitcoin and other cryptocurrencies. Lichtenstein and Morgan were detained in New York on Tuesday and charged with fraud and money laundering for allegedly attempting to launder 120,000 bitcoins over a period of time. Officials from the Justice Department allege they did so by using Bitcoin ATMs, altcoin transactions, and non-fungible token purchases. On the day of their arrest, the two appeared in federal court and will face a new bail hearing on Monday. Morgan had a larger social media presence than Lichtenstein, the founder of the now-defunct blockchain business Endpass. The crypto entrepreneur was active on TikTok and Instagram and had a collection of NFTs on OpenSea until recently. She also went by the stage name “Razzlekhan’ Morgan, who was the CEO of Endpass. She also contributed to Forbes, where she penned many pieces, one of which was titled ‘Protect Your Business from Cybercriminals.’ Chris Smith will direct and executive produce the new series alongside Nick Bilton, who directed the documentary ‘FYRE: The Greatest Party That Never Happened’ and worked as an executive producer on ‘Tiger King.’ Bilton published the book ‘American Kingpin,’ on the hunt for Silk Road creator Ross Ulbricht, and produced the Elizabeth Holmes documentary ‘The Inventor: Out for Blood in Silicon Valley.’ Morgan and Lichtenstein may face up to 25 years in jail if convicted.

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Netflix ordered the yet-to-be-named documentary series from the creators of "Tiger King" and "FYRE" into production.

Imagine you're about to buy your first house. You go into a bank to take out a loan, and the mortgage officer shows up wearing sunglasses and a COVID mask.

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DeFi figure Daniele Sestagalli knew Wonderland's treasurer was convicted fraudster Michael Patryn but still figured it was chill.

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Daniele Sesta has announced that Wonderland.Money will be dissolved after a governance proposal, calling for an end of the project, got 45% approval. 1/Wonderland experiment is coming to an end. It is clear from the vote that the community is divided. The core and heart of Wonderland is still the community. If we cannot find […]

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As the dust settles after a wild scandal rocked the world of decentralized finance (DeFi), questions remain for one “magical” altcoin caught in the crossfire. Earlier this week, a self-professed “on-chain sleuth” took to Twitter to claim that the chief financial officer of crypto protocol collective Frog Nation is Michael Patryn. Patryn is the former […]

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Sifu, aka Michael Patryn, the co-founder of QuadrigaCX, is no longer the treasury manager of DeFi protocol Wonderland.

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Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm. The multi-sig setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing outfit known…

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DeFi protocol Wonderland feels the heat after it was revealed its Treasury Head, also known as Sifu or 0xSifu, is Michael Patryn.

The post Scandal at Wonderland (TIME) as Treasury Head uncovered as QuadrigaCX co-founder appeared first on CryptoSlate.

The revelation that Frog Nation's CFO was the co-founder of scandalous crypto exchange has rocked Daniele Sesta's group.

A decentralized finance project called Wonderland involves a cybercrime associated with Canadian crypto exchange Quadriga, turning DeFi into a financial felon’s wonderland. (Read More)

Investors lost around $190 million when the exchange went down in 2019. Patryn was sentenced to serve time in the

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