Ilya Lichtenstein, a 35-year-old hacker, and his wife, rapper Heather Morgan, who nicknamed herself the “Wall Street Crocodile”, pleaded guilty to participating in a money laundering conspiracy that is linked to the theft of billions of dollars in bitcoin from Bitfinex cryptocurrency exchange.
The couple pleaded guilty to the charges before Judge Colleen Kollar-Kotelly under a cooperation agreement with the prosecution. The government accused them of conspiring to launder 119,754 stolen bitcoins after the Bitfinex hack in 2016.
Liechtenstein, who on Linkedin presented himself as a business angel investing in start-ups, admitted that he was the brains behind the whole operation. He faces up to 20 years in prison.
Morgan, who is also known as “Razzlekhan”, says she only became aware of the hack in early 2020. Initially, she thought her husband’s money might come from drug dealing or tax evasion.
Morgan gained popularity on social media by rapping about investment strategies and calling herself a risky investor who is “smart as an alligator.”
As part of the plea, the couple agreed to the confiscation of nearly $73 million. Morgan, who also pleaded guilty to conspiracy and fraud against the US government, faces a maximum of five years in prison on both counts.
Technical Market Outlook:
The BTC/USD pair had spiked up towards the level of $30,000, but shortly after the spike was faded and the market reverses almost all recent gains. The intraday technical resistance is seen at the level of $30,447, but now the level of $29,623 will act as the technical resistance as well. In a case of a another breakout lower, the next target is located at $28,446 (this level will work as the technical support and the line in the sand for bulls). The weak and negative momentum, together with an increasing bearish pressure supports the short-term bearish outlook for BTC, but for now the market is consolidating around the 50 MA as it awaits the fundamental trigger to increase volatility.
Weekly Pivot Points:
WR3 – $30,065
WR2 – $39,681
WR1 – $29,562
Weekly Pivot – $29,316
WS1 – $29,148
WS2 – $28,983
WS3 – $28,567
Trading Outlook:
The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The last pull-back has reached the 38% Fibonacci retracement and the market is ready to continue the up move. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.
The material has been provided by InstaForex Company – www.instaforex.com
Crypto Industry News:
Ilya Lichtenstein, a 35-year-old hacker, and his wife, rapper Heather Morgan, who nicknamed herself the “Wall Street Crocodile”, pleaded guilty to participating in a money laundering conspiracy that is linked to the theft of billions of dollars in bitcoin from Bitfinex cryptocurrency exchange.
The couple pleaded guilty to the charges before Judge Colleen Kollar-Kotelly under a cooperation agreement with the prosecution. The government accused them of conspiring to launder 119,754 stolen bitcoins after the Bitfinex hack in 2016.
Liechtenstein, who on Linkedin presented himself as a business angel investing in start-ups, admitted that he was the brains behind the whole operation. He faces up to 20 years in prison.
Morgan, who is also known as “Razzlekhan”, says she only became aware of the hack in early 2020. Initially, she thought her husband’s money might come from drug dealing or tax evasion.
Morgan gained popularity on social media by rapping about investment strategies and calling herself a risky investor who is “smart as an alligator.”
As part of the plea, the couple agreed to the confiscation of nearly $73 million. Morgan, who also pleaded guilty to conspiracy and fraud against the US government, faces a maximum of five years in prison on both counts.
Technical Market Outlook:
The BTC/USD pair had spiked up towards the level of $30,000, but shortly after the spike was faded and the market reverses almost all recent gains. The intraday technical resistance is seen at the level of $30,447, but now the level of $29,623 will act as the technical resistance as well. In a case of a another breakout lower, the next target is located at $28,446 (this level will work as the technical support and the line in the sand for bulls). The weak and negative momentum, together with an increasing bearish pressure supports the short-term bearish outlook for BTC, but for now the market is consolidating around the 50 MA as it awaits the fundamental trigger to increase volatility.
Weekly Pivot Points:
WR3 – $30,065
WR2 – $39,681
WR1 – $29,562
Weekly Pivot – $29,316
WS1 – $29,148
WS2 – $28,983
WS3 – $28,567
Trading Outlook:
The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The last pull-back has reached the 38% Fibonacci retracement and the market is ready to continue the up move. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.
The material has been provided by InstaForex Company – www.instaforex.com
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