Heather Morgan To Be Released on Bail; Ilya Lichtenstein Not So Lucky

The New York couple gained notoriety last week thanks to both their flashy personas and substantial fraud charges.

Key Takeaways

  • Heather Morgan’s release from detention on bail has been permitted by a judge.
  • Ilya Lichtenstein, her husband, has been denied release and will remain in jail until trial.
  • The couple faces up to 25 years in prison if convicted.

A federal judge has permitted the release of Heather Morgan on bail, though her husband, Ilya Lichtenstein, will remain in custody until the trial. 

New Development in Bitfinex Case

Chief Judge of the U.S. District Court for the District of Columbia, Beryl Howell, has overturned a decision made last week by Magistrate Judge Debra Freeman of the Southern District of New York’s ruling that the couple could be released on bond—a decision that Howell already halted last week pending further review. 

Morgan will now be released on bail under strict conditions, while Lichtenstein will remain in custody pending trial. Prosecutors argued that there was too severe a risk of the couple fleeing the country before trial, and that there was substantial evidence that the couple was preparing to establish residency in Ukraine or Russia.

On Feb. 8, the New York couple Ilya Lichtenstein and Heather Morgan were charged with conspiracy to commit money laundering and conspiracy to defraud the United States in connection with the 2016 Bitfinex hack. The pair allegedly conspired to launder roughly $4.5 billion worth of Bitcoin, of which the Department of Justice seized $3.6 billion in its largest ever financial seizure. 

Regardless of today’s decision on pretrial detention, both Lichtenstein and Morgan face up to 25 years in prison. 

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

What We Know About the Bizarre Couple Charged With the Bitfinex Hack

U.S. authorities have confiscated $3.6 billion from Ilya Lichtenstein and Heather Morgan in the largest asset seizure in history. However, the eccentric personalities of the suspects have left many wondering…

A Guide to Yield Farming, Staking, and Liquidity Mining

Yield farming is arguably the most popular way to earn a return on crypto assets. Essentially, you can earn passive income by depositing crypto into a liquidity pool. You can think of these liquidity…

$26M in Bitcoin From the 2016 Bitfinex Hack on the Move

2,470 Bitcoin from the 2016 Bitfinex hack, where a total of 120,000 BTC was stolen, just moved to new addresses. The hackers responsible for the 2016 Bitfinex hack moved 2,470 Bitcoin…

$100M of Bitfinex’s Stolen Bitcoin Is in Transit

Hackers responsible for a 2016 Bitfinex theft moved close to $100 million of Bitcoin today after crypto prices reached an all-time high. Nearly $100 Million Moved The hackers responsible for…

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Number of Covid-19 cases in Mexico as of December 24, 2021 thumbnail

Number of Covid-19 cases in Mexico as of December 24, 2021

DATO INFOGRÁFICO CORONAVIRUS Coronavirus en México: La Secretaría de Salud presentó su reporte técnico diario sobre el avance de la pandemia en el país, en el que detalló la cifra de contagios nuevos de Covid-19 y el número de defunciones. Redacción El Economista 24 de diciembre de 2021, 18:44 Coronavirus en México: La Secretaría de…
Read More

Auto: Associations see the water supply around the Tesla plant in danger

zeit.de mit Werbung Um der Nutzung mit Werbung zuzustimmen, muss JavaScript in Ihrem Browser aktiviert sein. zeit.de mit Werbung Besuchen Sie zeit.de wie gewohnt mit Werbung und Tracking. Details zum Tracking finden Sie in der Datenschutzerklärung und im Privacy Center. zeit.de Pur Nutzen Sie zeit.de mit weniger Werbung und ohne Werbetracking für 1,20 €/Woche (für…
Read More
Japanese government considers relaxing strict coin listing rules thumbnail

Japanese government considers relaxing strict coin listing rules

If passed, the rules reform could make it easier for domestic exchanges to list more crypto without going through a long screening process. 2602 Total views 62 Total shares The Japanese government is considering a proposal to make it easier for registered crypto exchanges to list digital assets in the local retail trading market.Sources quoted…
Read More

A Deep Freeze This Winter Hinges on La Nina and the Polar Vortex

Author of the article: Bloomberg News Brian K Sullivan (Bloomberg) — Nobody controls the weather, and yet temperatures this winter will ripple through every conceivable market, from fuel to food, with a particularly frigid outcome threatening to turn a worldwide energy crunch into a full-blown crisis. The stakes have never been higher. If the weather’s…
Read More
Streitwert: Echtes Karma muss wehtun thumbnail

Streitwert: Echtes Karma muss wehtun

Streitwert Warum Sie auf's Karma pfeifen und richtig Streiten lernen sollten Bild:  imago images Alle üben sich in Höflichkeit, um Konflikte zu meiden und niemanden auszuschließen. Unsinn! Es braucht Konfrontation, um Probleme zu lösen. Artikel teilen per:
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share