Netflix optioned a film about crypto’s greatest scandal

When information broke earlier this week that the Division of Justice had seized $3.6 billion of allegedly stolen bitcoin, we had some questions. What do these revelations imply about authorities intervention in crypto? Will this scandal affect the decentralized finance sphere in the long run? Most significantly, which streaming service will order a documentary in regards to the Bonnie and Clyde of bitcoin?

No less than considered one of our questions has been answered: Immediately, Netflix announced that it’ll inform the story of what it calls “the largest prison monetary crime case in historical past” with the assistance of director Chris Smith, who introduced “FYRE: The Biggest Social gathering That By no means Occurred” and “Tiger King” to the streaming service. Smith will government produce alongside Nick Bilton, who produced HBO’s documentary “The Inventor: Out for Blood in Silicon Valley” in regards to the failure of Theranos.

Just like the tales of Elizabeth Holmes and Billy McFarland, Smith and Bilton have quite a bit to work with right here. The alleged criminals, Ilya “Dutch” Lichtenstein and Heather Morgan (who moonlights because the rapper Razzlekhan), had been arrested on Tuesday for conspiracy to launder practically 120,000 bitcoin, which is now price round $5 billion. Presently, the husband-wife duo awaits trial, however they weren’t launched on bail as a result of the prosecutor deemed them to be vulnerable to fleeing. In response to Bloomberg, Lichtenstein saved a folder labeled “personas,” and there was a file on his pc known as “Passport_ideas” with hyperlinks to pretend passports. The prosecutor added {that a} plastic bag labeled “burner telephones” was discovered underneath their mattress. You possibly can’t make these things up, which is why based-on-a-true-story motion pictures preserve Hollywood shifting.

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