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$4.5B Bitfinex Money-Laundering Accused Lands NY Tech Gig While Under House Arrest

2 mins
Updated by Ryan Boltman
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In Brief

  • Alleged Bitfinex fraudster Heather Morgan has secured a job at an undisclosed tech firm.
  • A U.S. magistrate earlier ruled that Morgan could work specific hours for three days a week at the firm's New York office.
  • Morgan joins a growing list of notorious crypto actors who are reinventing themselves after significant setbacks.
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Accused Bitfinex thief Heather Morgan will soon start work as a tech company’s marketing and business development manager at their New York office, despite facing $4.5 billion in money laundering charges.

A U.S. magistrate recently amended the terms of the rapper’s house arrest conditions, allowing her to work at the New York office of an undisclosed tech company from 10 a.m. to 8:30 p.m.

Bitfinex Lawyer Does Not Reveal Company Name

Lawyers for the accused confirmed that the company’s name wouldn’t be published for fear of reprisals and harassment.

“That information is not noted in this public filing due to the fact that Ms. Morgan has been subject to disparaging comments and harassment on social media as a result of the intense media coverage of this case,” said Eugene Gorokhov, Morgan’s defense lawyer.

Heather Morgan initially posted her job search for a remote marketing, sales, or business development position in September 2022.

The U.S. Department of Justice arrested Morgan and her husband, Ilya Liechtenstein, in Feb. 2022 for allegedly stealing $4.5 billion worth of Bitcoin from Hong Kong exchange Bitfinex in 2016.

The couple allegedly passed 94,000 of the 119,754 stolen bitcoin through several blockchains before sending them to Liechtenstein’s crypto wallet. They also reportedly used privacy-centric crypto Monero to frustrate law enforcement’s forensic efforts further.

The duo faces two decades in jail if convicted of conspiracies to commit money laundering and defraud the U.S. government.

Fallen Crypto Heroes Arise from the Ashes

Accused Bitfinex thief Morgan is not the only controversial crypto figure looking to arise from the ashes.

Three Arrows Capital founders Su Zhu and Kyle Davies recently published a pitch deck to raise $25 million a new crypto endeavor, GTX. The former Singaporean hedge fund filed for bankruptcy after borrowing heavily to make leveraged bets on rising cryptocurrency prices.

According to the presentation first seen by The Block, GTX will be a crypto claims marketplace for creditors of bankrupt crypto firms.

Already, some FTX customers have already settled for cents on the dollar at existing marketplaces. FTX was a Bahamian crypto exchange that filed for bankruptcy on Nov. 11, 2022. Its founder Sam Bankman-Fried faces eight criminal charges in the U.S.

Another notable figure continues work on a new blockchain ecosystem despite being an internationally wanted figure.

TerraUSD creator Do Kwon continues coding and promoting the new Terra 2.0 blockchain ecosystem at an undisclosed location after his original TerraUSD stablecoin collapse lost investors about $40 billion in May 2022.

While Singaporean authorities accuse Kwon of capital markets law violations, the coder has admitted almost no wrongdoing. Instead, Kwon maintains that his only failure was not communicating risks more succinctly.

The Stanford alum has denied allegations of fund misuse and fraud.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...