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The Novelty Rapper and the $8 Billion Crypto Heist

The Novelty Rapper and the $8 Billion Crypto Heist

Assessment

Interactive Video

Business, Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses the $8 billion Bitfinex hack, involving a couple, Elia Lichtenstein and Heather Morgan, who were linked to the crime. Despite the massive theft, they struggled to use the stolen Bitcoin due to its traceability on the blockchain. The couple attempted to launder the funds through Alpha Bay, a darknet market, but were eventually caught when law enforcement shut down the site. Heather Morgan, also known as Razzle Khan, gained notoriety for her music videos, which included lyrics about hacking. The story highlights the challenges of using stolen cryptocurrency and the eventual capture of the perpetrators.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the amount of Bitcoin stolen during the Bitfinex hack?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Who were the individuals allegedly involved in the Bitfinex hack?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was notable about Heather Morgan's music videos?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did the hackers face in using the stolen Bitcoin?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How did law enforcement connect the hacked funds to the couple?

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