Cointime

Download App
iOS & Android

Crypto Fraudster Charged In $4.5 Bn Bitcoin Theft Lands New Marketing Job

According to a court document, Heather Morgan, who identifies as Rapper Razzlekhan on social media and in music videos, was hired by an unnamed technology business despite the fact that she is currently subject to 24-hour home imprisonment. Morgan and her husband Lichtenstein are at the center of a bizarre crypto fraud story where they succumbed to arrests on suspicion of embezzling Bitcoin worth $4.5 billion from a Hong Kong-based cryptocurrency exchange, Bitfinex.

Razzlekhan’s New Job

In order to work three days a week from the employer’s New York office, she requested that the judge relax the restrictions of her home confinement. Her attorney, Eugene Gorokhov, stated in the document filed on Tuesday in Washington that the government has no objections to the suggested revision.

According to Gorokhov’s statement in the petition, a job offer was made to Morgan in the position of growth marketing and business development specialist. And, even though the government is aware of the identity of the employer, Morgan requested anonymity for the sake of her own safety and to safeguard the identity of the employer as well.

While speaking on continual cyber threats received by Morgan after the fraud came to light, he was quoted to state:

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.

119K Bitcoins Stolen

Back in 2016–even before 2017’s ICO boom period & its following number of scams–a Bitfinex hack saw 119,754 Bitcoins siphoned off in total; the heist was estimated to be around $71 million at the time before the value of cryptocurrencies surged. According to information provided by the DOJ, more than 2,000 unauthorized transactions were used to transfer the stolen Bitcoin and send it directly to a crypto wallet that distributed the funds between Morgan and Lichtenstein.

On February 8, 2022, Razzlekhan, the self-proclaimed “Crocodile of Wall Street,” was taken into custody in Manhattan for her alleged connection to the cryptocurrency theft. Following the development, the Department of Justice hailed it as a “major blow to cyber criminals looking to exploit crypto” and announced that it had seized Bitcoins worth $3.6 billion, making it the largest financial seizure in its history. She has pleaded not guilty to the charges and if proven wrong can face up to 20 years of jail time.

Comments

All Comments

Recommended for you

  • A Total of 37,212.18 DMD Permanently Burned Over the Past 7 Days

    July 9, 2026 — According to the latest on-chain data released by DMDAO, a total of 37,212.18 DMD has been permanently burned over the past seven calendar days through the protocol's predefined trading and wealth management burn mechanisms.

  • Whale Transfers 1,133 BTC to Coinbase Prime, Valued at $71.48 Million

    According to Onchain Lens monitoring, a whale transferred 1,133 BTC from Coinbase to Coinbase Prime through an intermediary wallet, valued at $71.48 million.

  • U.S. AI Chip Stocks Decline Before Market Open, Intel Falls Over 3%

    On July 7, U.S. AI chip stocks experienced widespread declines before the market opened. Intel dropped over 3%, while AMD, Qualcomm, and NXP fell more than 2%. TSMC, Broadcom, and Tesla decreased by over 1%, and NVIDIA declined by 0.7%.

  • China's Central Bank Increases Gold Reserves for the 20th Consecutive Month

    As of the end of June, China's gold reserves stood at 75.44 million ounces (approximately 2,346.446 tons), an increase of 480,000 ounces (about 14.93 tons) from the end of May, which reported 74.96 million ounces (approximately 2,331.52 tons). This marks the 20th consecutive month of gold accumulation.

  • China's Foreign Exchange Reserves in June at $341.6262 Billion

    On July 7, China's foreign exchange reserves for June stood at $341.6262 billion, a decrease of $26 billion from the end of May, representing a decline of 0.75%, with expectations set at $343.2 billion.

  • U.S. Storage Stocks Drop Pre-Market, SanDisk and Micron Down Over 4%

    On July 7, U.S. storage concept stocks collectively fell in pre-market trading. Western Digital dropped over 5%, SanDisk and Micron Technology fell over 4%, Seagate Technology declined over 3%, Rambus fell over 2%, and SMI fell over 1%.

  • U.S. Stocks in Optical Communication Sector Drop Pre-Market

    On July 7, stocks in the optical communication sector of the U.S. market collectively fell pre-market. Astera Labs dropped over 4%, while Marvell Technology, Credo Technology, and AXT Inc. fell more than 3%. Tower Semiconductor, MaxLinear, Corning, Applied Optoelectronics, GlobalFoundries, Lumentum, and Qorvo all declined by more than 2%. Coherent, Nokia, Amphenol, and Broadcom dropped over 1%.

  • Pre-market Decline in U.S. Storage Stocks

    In pre-market trading, U.S. storage concept stocks experienced a widespread decline, with Micron Technology falling by 4.8%, SanDisk dropping over 4%, Corning down more than 2%, and Intel decreasing by over 3%.

  • Two Departments: Support for Reinsurance Institutions to Increase Capital and Issue Supplementary Capital Tools

    On July 7, the National Financial Supervision and Administration Bureau and the Shanghai Municipal Government released several measures to accelerate the construction of the Shanghai International Reinsurance Center. Among these measures, they proposed to enhance the quality and efficiency of the reinsurance industry, support reinsurance institutions in increasing capital and expanding shares, and issuing supplementary capital tools to improve the capacity for internal capital accumulation and external capital supplementation, thereby strengthening the reinsurance industry's capabilities. The initiative aims to guide the insurance industry to focus on major national projects, strategic emerging industries, and livelihood security, consolidating insurance and reinsurance underwriting capabilities to enhance risk protection levels. It also supports reinsurance institutions in leveraging their professional technical advantages to assist the insurance industry in reducing risk.

  • Sources: Saudi Arabia Plans to Expand Oil Pipeline to Red Sea, Increasing Capacity by 2 Million Barrels Daily to Bypass Strait of Hormuz

    On July 7, five informed sources revealed that Saudi Arabia is considering expanding the crude oil pipeline capacity to its western coast on the Red Sea, allowing Saudi Arabia and its neighbors to transport more oil without passing through the Strait of Hormuz. This east-west pipeline, built in the early 1980s, has gained strategic importance since the outbreak of the Iran war in February and the disruption of shipping in the Strait of Hormuz. The pipeline can deliver up to 7 million barrels of crude oil per day to the Red Sea port. The CEO of Saudi Aramco stated in May that approximately 2 million barrels are supplied to west coast refineries, while about 5 million barrels are for export. Sources indicate that Saudi Arabia is in preliminary discussions with some neighboring countries regarding the pipeline expansion, aiming to add about 2 million barrels of pipeline capacity per day. It remains unclear whether Aramco's planned expansion involves upgrading existing infrastructure or constructing new pipelines. One source mentioned that the expansion plan also includes a smaller refined oil pipeline. Two sources indicated that the expansion scale could range from 1 million to 2 million barrels per day, with refined oil also being considered. Another source stated that the project would take several years and cost billions of dollars, requiring adjustments to Saudi crude pricing mechanisms.