Heather Morgan AKA Rizzlekhan Handed ‘Lenient’ 18-Month Sentence For Her Role In $10 Billion Bitcoin Hack

Heather Morgan, aka ‘Razzlekhan’ aka ‘Crocodile of Wall Street’, has been sentenced to 18 months in prison for her role in laundering stolen Bitfinex Bitcoin, reportedly worth more than $10 billion.

Heather Morgan, also known as ‘Razzlekhan’, has been sentenced to 18 months in prison for her role in laundering stolen Bitfinex Bitcoin, which is now reportedly worth more than $10 billion.

Morgan, 34, and her husband, Ilya Lichtenstein, 35, were involved in the well-publicised hack of the Bitfinex cryptocurrency exchange in 2016, which resulted in over 119,000 BTC being stolen.

A federal judge sentenced Morgan on Friday, and she will also have to serve three years of supervised release following her prison term. Both Morgan and Lichtenstein were handed what some are calling ‘lenient’ sentences for cooperating with authorities in other investigations.

Prosecutors had initially sought a sentence of five years for Morgan, while her lawyers argued for a sentence of no more than 12 months.

Lichtenstein was sentenced last week to five years in prison for his role in the Bitfinex hack, having pleaded guilty to exploiting the cryptocurrency exchange and stealing the 119,750 BTC.

At the time of the hack, the stolen Bitcoin was valued at $71 million, but it has since soared to more than $10 billion.

Prior to her arrest, Morgan was best known as a (terrible) rapper, a Forbes and Inc. blogger, and an entrepreneur. When the Department of Justice announced her arrest, the internet quickly discovered her crypto-themed rap videos, which she made under the name ‘Razzlekhan’.

The full story surrounding Morgan and Dutch is being made into a Netflix documentary series aptly named ‘Biggest Heist Ever’. Its timing is perfect following Morgan’s sentencing as it is due to be released early next month, on December 6.

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Morgan Claims She Will Be Telling Her Side Of The Story Soon While Also Promising Updates On Her Latest Endeavours

My statement 🧞‍♀️#razzlekhan pic.twitter.com/janr9RD1Q2

— Heather "Razzlekhan" Morgan (@HeatherReyhan) November 18, 2024

Undeterred by her sentencing, ‘Razzlekhan’ issued a statement on X. In the short video, she apologized for her social media absence while saying “I will soon be telling my story, sharing my thoughts, and telling you more about the creative and other endeavors I’ve been working on.”

Morgan pleaded guilty to helping her husband, Ilya “Dutch” Lichtenstein, hide the stolen crypto via complex money-laundering techniques last year. Lichtenstein pleaded guilty to his part in the Bitfinex hack.

It was noted that both Morgan and Lichtenstein were handed lenient sentences for cooperating with authorities regarding other investigations.

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Alex is an aspiring writer focusing on the more degen side of the crypto world. Always on the lookout for the next hot narrative.

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