From Hack to Rap: The Crocodile of Wall Street's $71 Million Heist and $4.5 Billion Bust
Channel: Web3 Working Group
Date: 05/08/2023

Unravel the audacious Bitfinex hack by Ilya Lichtenstein and Heather Morgan, who stole $71 million and laundered it over seven years. Dive into the colorful persona of Razzlekhan, the self-proclaimed 'Crocodile of Wall Street,' and uncover the complex schemes used to launder the ill-gotten gains. From the initial heist to the current value of $4.5 billion, the tale takes unexpected twists and turns. Interestingly, there's a silver lining for some Bitfinex users who took equity, turning a dark chapter into a profitable outcome. Learn more about this fascinating tale in the referenced BBC article: 
https://www.bbc.com/news/technology-66390639."

Web3 Working Group is a nonprofit organization that educates about web3 infrastructure and how it is distinct from cryptocurrency. We educate regulators and the public at-large about how web3 will permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users. We focus on Blockchain / Cryptocurrency.