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Razzlekhan’s Husband, the Bitfinex Hacker, Makes First Public Statement Since Arrest

Ilya Lichtenstein, who pled guilty last year to charges related to the 2016 theft of 120,000 bitcoin from Bitfinex, has made his first public statement since his 2022 arrest.
In a five-minute video posted to X (formerly Twitter) on Thursday, Lichtenstein reiterated that he was the hacker and that he acted alone, denying speculation in a Netflix documentary that his father (or, perhaps, some spy agency, maybe Russia’s) might have been involved in the theft.
“My dad is no hacker, he doesn’t even know how to use Instagram,” said Lichtenstein, who was sentenced to five years in prison for conspiracy to commit money laundering, including the time he was incarcerated after the arrest while the case was pending.
«I offer my sincerest apologies to Bitfinex for all the stress that I have caused them,» he said in the video, recorded from prison during a remote visit with his wife. «I knew what I was doing was wrong and I did it anyway because I didn’t care … I look back at the person I was then, and I hate myself. I hate myself.»
In the video, Lichtenstein also provided an update on restitution for the funds he stole from Bitfinex.
«For the past three years, I have worked hard to account for and return all assets down to the last satoshi, as required by my plea agreement, and I will continue to do so,» Lichtenstein said, showing bags under his eyes.
A restitution hearing is set for February to determine whether they should be distributed to Bitfinex or to its customers who were affected by the hack.
Razzlekhan speaks
Lichtenstein’s wife, Heather «Razzlekhan» Morgan, pled guilty to one count of money laundering conspiracy and one count of conspiracy to defraud the United States.
Prosecutors said she became aware of the hack only years after the fact and was enlisted by her husband to launder the stolen bitcoin.
«In many ways, my wife … is just another victim of my bad decisions,» Lichtenstein said in the video.
Last month, Morgan was sentenced to 18 months in prison for her supporting role in Lichtenstein’s crimes.
«It’s nice to begin to have the public record surrounding our case set straight,» Morgan told CoinDesk, referring to the video her husband released. «You would think that would have happened after our sentencing memos got filed, but that really hasn’t been the case. There are so many myths that I look forward to debunking when we tell the real story.”
Best known for her goofy rap videos, Morgan recently began selling custom videos for $125 a pop on Cameo, a sort of non-pornographic version of Onlyfans. Her prison sentence could begin as soon as next month.
«Despite everything you’ve read, my Razzlekhan persona never had anything to do with this case, besides the government mentioning it in their charging documents. I created Razzlekhan years before I ever knew my husband had hacked Bitfinex,» Morgan told CoinDesk.
“While our criminal case was open, I was unable to speak publicly or tell my story,» she said. «This also meant I could not publish any articles or release any new artworks or songs the last three years. Now that the case is over, I look forward to freely expressing myself creatively again. … I am eager to tell the story of what really happened.”
Takes one to catch one
Atoning for his misdeeds in court, Lichtenstein said that after he serves his time he plans to pursue a career fighting cybercrime.
In Tuesday’s video, Lichtenstein reiterated that pledge.
«When I am released from prison … I plan to dedicate myself to working in the cybersecurity industry,» Lichtenstein said. «I know the cyber threats that we face and I know how to stop them.»
The bitcoin stolen in the 2016 hack was worth $70 million at the time and around $12 billion today.
The Netflix documentary leaves viewers with the impression that a substantial portion of the stolen funds remain missing, but according to Lichtenstein’s lawyer, this is not the case.
“With significant help from Mr. Lichtenstein, the government has recovered nearly all of the assets stolen during the 2016 Bitfinex hack,» the lawyer, Samson Enzer of Cahill Gordon & Reindel LLP, told CoinDesk. «In total, approximately 114,601 BTC (representing 96% of the approximately 119,754 BTC taken in the hack) were recovered, as well as 29 additional assets with substantial value.”
The U.S. Department of Justice did not respond by press time to CoinDesk’s inquiry about the percentage of stolen funds that were recovered.
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Ethereum Surges After Holding $2,477, Fueled by Very Heavy Trading Volume

Global economic tensions and trade disputes continue to influence cryptocurrency markets, with ETH showing resilience despite broader market uncertainty.
The second-largest cryptocurrency is currently navigating a critical technical zone between $2,500-$2,530, which analysts identify as immediate resistance that must be overcome for continued upward movement.
Institutional interest remains strong, with spot Ethereum ETFs recording consecutive days of positive inflows, signaling growing confidence from larger investors despite the recent volatility.
Technical Analysis Highlights
- 24-hour ETH price action revealed a substantial 3.5% range ($99.85).
- Sharp sell-off during midnight hour saw price plummet to $2,477.40, establishing a key support zone.
- Extraordinary volume (291,395 units, nearly 3x average) confirmed the significance of the support level.
- Buyers stepped in at the $2,467-$2,480 support band, confirmed by high-volume accumulation during the 08:00-09:00 period.
- Recent price action shows bullish momentum with ETH reclaiming the $2,515 level.
- Potential higher low pattern suggests the correction may have found its bottom.
- $2,520-$2,530 area remains the immediate resistance to overcome for continued upward movement.
- Significant bullish surge at 13:35 saw price jump from $2,515.85 to $2,521.79, accompanied by exceptional volume (5,839 units).
- Sharp reversal occurred at 14:00, with price dropping 5.07 points to $2,508.02 on heavy volume (4,043 units).
- Hourly range of 14.46 points ($2,508.02-$2,522.48) demonstrates market indecision.
External References
- «Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger«, NewsBTC, published May 24, 2025.
- «Ethereum Forms Inverse H&S – Bulls Eye Breakout Above $2,700 Level«, Bitcoinist, published May 25, 2025.
- «Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction?«, CryptoPotato, published May 25, 2025.
Uncategorized
XRP Plunges Below $2.30 Amid Heavy Selling Pressure

Global economic tensions are weighing heavily on cryptocurrency markets as XRP experiences a significant correction amid heavy selling pressure.
The recent announcement of potential 50% tariffs on European Union imports by the US government has triggered widespread market uncertainty, with XRP falling alongside most major cryptocurrencies despite Bitcoin recently reaching new all-time highs.
Technical analysts point to critical support at the $2.25-$2.26 range, with market watchers warning that a break below this level could trigger deeper corrections toward the $1.55-$1.90 zone.
Meanwhile, institutional interest remains strong with Volatility Shares launching an XRP futures ETF and leveraged ETF inflows surging despite the price dip, suggesting Wall Street continues accumulating positions during market weakness.
Technical Analysis Highlights
- XRP underwent a notable 3.46% correction over the 24-hour period, with price declining from $2.361 to $2.303, creating an overall range of $0.084 (3.57%).
- The most significant price action occurred during the midnight hour (00:00), when XRP plummeted to $2.297 on exceptionally high volume (37.1M), establishing a strong volume-based support zone.
- A secondary sell-off at 08:00 saw price touch the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation.
- In the last hour, XRP experienced significant volatility with a recovery attempt following the earlier correction.
- After reaching a low of $2.297 at 13:11, price formed a base around $2.298 before staging a substantial rally beginning at 13:27, peaking at $2.307 at 13:36-13:39 with exceptionally high volume (627K-480K).
- This bullish momentum created a clear resistance zone at $2.307, which was tested multiple times.
- The final 15 minutes saw profit-taking pressure emerge, with price retracing to $2.300, establishing a short-term support level that aligns with the psychological $2.30 threshold.
External References
- «XRP Price Watch: Consolidation or Collapse? Market Holds Breath Near $2.35«, Bitcoin.com News, published May 24, 2025.
- «XRP Price Prediction For May 25«, CoinPedia, published May 25, 2025.
- «XRP Risks Fall To $1.55 If This Support Level Fails – Analyst«, NewsBTC, published May 25, 2025.
Uncategorized
Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off

Bitcoin’s recent pullback has established strong volume-based resistance near $108,300, with support forming in the $106,700-$107,000 zone.
The correction accelerated with a notable price surge from $107,373 to $107,671 between 13:06-13:36, followed by a sharp reversal.
Technical analysis suggests Bitcoin is now trading within a compression zone, trapped between two major fair value gaps that will determine the upcoming market direction.
If bulls reclaim the $109K to $110K area, price could push toward resistance beyond $112K, while a break below $107,000 might test liquidity around $106K.
Technical Analysis Breakdown
- The decline accelerated during the 22:00-23:00 hour on May 24th with exceptionally high volume (16,335 BTC), establishing a strong volume-based resistance near $108,300.
- Support has formed in the $106,700-$107,000 zone where buyers emerged during the 09:00-10:00 period on May 25th, though recovery attempts have been modest with price consolidating around $107,500.
- The overall technical structure suggests a short-term bearish trend with potential for further consolidation before directional clarity emerges.
- Bitcoin experienced significant volatility with a notable price surge from $107,373 to $107,671 between 13:06-13:36, followed by a sharp reversal that saw prices decline to $107,393 by 14:00.
- The most substantial price movement occurred during the 13:35 minute candle where BTC jumped nearly $150 with exceptionally high volume (148.76 BTC), establishing temporary resistance around $107,630.
- Support formed near $107,400 where buyers emerged during the final minutes of the period, though the overall technical structure suggests continued consolidation within the broader correction from the $109,239 high.
External References
- «Bitcoin Price Prediction for May 25: Will Bulls Defend $108K or Is a Deeper Drop Ahead?«, Coin Edition, published May 24, 2025.
- «Why is Bitcoin Price Dropping Now? Will BTC Price Go Down to $100K?«, CoinPedia, published May 24, 2025.
- «Bitcoin Price Analysis: BTC Displays Signs of Weakness Following New All-Time High«, CryptoPotato, published May 25, 2025.
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