Rapper 'Razzlekhan' Sentenced for Role in $10 Billion Bitcoin Laundering Scheme
Heather Morgan, known as 'Razzlekhan,' receives 18-month prison sentence for aiding her husband in laundering stolen cryptocurrency.
- Heather Morgan, also known as 'Razzlekhan,' was sentenced to 18 months for helping launder bitcoin stolen by her husband, Ilya Lichtenstein, from the Bitfinex exchange in 2016.
- Lichtenstein, who orchestrated the theft of nearly 120,000 bitcoin, was sentenced to five years in prison last week.
- The stolen bitcoin, initially valued at $71 million, is now worth over $10 billion due to a surge in bitcoin prices.
- Morgan and Lichtenstein laundered about 21% of the stolen bitcoin through complex methods, including using fictitious identities and cryptocurrency mixing services.
- Both Morgan and Lichtenstein cooperated with authorities, leading to reduced sentences, and expressed remorse for their actions during the sentencing hearings.