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The Guardian - US
The Guardian - US
Technology
Luke Winkie

Is this the new face of organized crime? Decoding Razzlekhan, the rapping bitcoin fraudster

Heather Morgan, also known as
Heather Morgan, also known as "Razzlekhan,” and her husband Ilya “Dutch” Liechtenstein allegedly stole $4.5bn worth of bitcoin. Photograph: Olivier Douliery/AFP/Getty Images

Heather Morgan is free, for now. The 31-year-old fraudster was offered bail on Valentine’s Day, releasing her from incarceration while her husband, Ilya “Dutch” Liechtenstein, remains in federal bondage.

Morgan is at the centre of a psychedelic cryptocurrency saga, that began when the pair were arrested on suspicion of laundering $4.5bn worth of stolen bitcoin. That money was originally pilfered from a Hong Kong-based crypto exchange firm called Bitfinex, and it breaks the record for the most digital currency that’s ever been seized by a criminal sting operation. (The pair allegedly spent the money on NFTs, gold and a Walmart gift card.) It’s the first major crime saga of the Web3 era – Blockchain noir, ripe for a Safdie Brothers film – and each twist in the storyline is more implausible than the last.

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