U.S. arrests millennial couple for allegedly laundering bitcoin from $4.5 billion heist

The Justice Department announced Tuesday that it seized $3.6 billion worth of bitcoin last week, recovering about 94,000 of the roughly 119,754 bitcoin stolen in a 2016 hack of cryptocurrency exchange Bitfinex. The feds also arrested a couple they say tried to launder the pilfered bitcoin, worth about $70 billion when it was stolen but $4.5 billion now. The married couple, Ilya "Dutch" Lichtenstein, 34, and Heather Morgan, 31, were arrested in Manhattan without incident Tuesday morning.

"In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions." said Deputy Attorney General Lisa Monaco. "The message to criminals is clear: Cryptocurrency is not a safe haven. We can and we will follow the money, no matter what form it takes." She said the recovered bitcoin marks the Justice Department's "largest financial seizure ever."

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.