Crocodile of Wall Street hilariously bad raps granted bail at $3m

It appears the self-proclaimed ‘Crocodile of Wall Street’, Heather Rhiannon Morgan, 31, who was granted $3million bail on Wednesday, led a second life a hipster New York rapper who performs under the street name Razzlekhan.

In a series of cringey videos posted to YouTube, the wannabe performer can be seen walking around Wall Street while reciting lyrics such as: ‘I’m many things, a rapper, an economist, a journalist, a writer, a CEO, and a dirty, dirty, dirty dirty h*’. 

Morgan’s music videos, including the 2019 single Versace Bedouin, are all on her YouTube page together with various unboxing videos. The page has been made private since her arrest.

She and her husband Ilya » Lichtenstein, 34, who had bail set at $5million were both arrested for allegedly laundering $4.5billion in  stolen in the 2016 Bitfinex exchange hack. 

The pair were arrested on Tuesday in Manhattan on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States. 

But when Morgan wasn’t allegedly shifting around billions of dollars in the world of cryptocurrency, she was taking to the mic and shooting rap videos. 

One website which decided to wade through all of the footage suggested ‘Laundering billions in Bitcoin may not even be the worst crime of her life.’ 

‘When she’s not reverse-engineering black best darknet markets to think of better ways to combat fraud and cybercrime, she enjoys rapping and designing streetwear fashion,’ her  states. 

Photos of self proclaimed 'Crocodile of Wall Street' Heather Morgan who was arrested in New York over an alleged Bitcoin hack. Photos of Morgan were taken in June 2020

Photos of self proclaimed ‘Crocodile of Wall Street’ Heather Morgan who was arrested in New York over an alleged Bitcoin hack. Photos of Morgan were taken in June 2020

Heather Morgan, 31, who calls herself the 'Crocodile of Wall Street' (hence the croc picturedin her hand) also spends time creating low-budget rap videos and posing for quirky photoshoots

Heather Morgan, 31, who calls herself the ‘Crocodile of Wall Street’ (hence the croc picturedin her hand) also spends time creating low-budget rap videos and posing for quirky photoshoots 

Morgan was arrested on Tuesday in Manhattan, together with her husband, on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States

Morgan was arrested on Tuesday in Manhattan, together with her husband, on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States

<img id="i-7794947bc0904e6c" website height="1443" width="962 and the United States and the co-founder of an online marketing firm. Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory'.

WARNING: EXPLICIT LYRICS 

Morgan, who raps under the name Razzlekhan, (seen in front of Federal Hall on Wall Street in a music video) declared herself the 'Crocodile of Wall Street' in one of her rap songs

Morgan, who raps under the name Razzlekhan, (seen in front of Federal Hall on Wall Street in a music video) declared herself the ‘Crocodile of Wall Street’ in one of her rap songs

In this courtroom sketch, attorney Sam Enzer, center, sits between Heather Morgan, left, and her husband, Ilya 'Dutch' Lichtenstein, in federal court on Tuesday

In this courtroom sketch, attorney Sam Enzer, center, sits between Heather Morgan, left, and her husband, Ilya ‘Dutch’ Lichtenstein, in federal court on Tuesday

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded – so massive that news of the theft knocked 20 percent off Bitcoin’s value at the time. 

Lichtenstein and Morgan are thus far not charged directly with perpetrating the hack, dark market url but rather with receiving and laundering the stolen funds. The case was filed in a federal court in Washington, D.C.

It was unclear who will be representing the couple in the criminal case and whether they had an attorney to speak on their behalf.

They were due to appear in federal court in Manhattan at 3pm on Tuesday. 

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions.

Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory'

Morgan, a rapper and former Forbes contributor, describes herself as ‘an expert in persuasion, darknet market social engineering, and game theory’

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions

Justice Department officials said the transactions at the time were valued at $71 million in Bitcoin, but with the rise in the currency’s value, it is now valued at over $4.5 billion.

‘As the complaint alleges, the FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack,’ said Matthew Graves, the U.S. Attorney for dark web markets the District of Columbia.

He added that the money moved through a major darknet market lists exchange tied to a host of crimes, as well as cryptocurrency addresses tied to child sexual abuse materials.

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, darkmarket as well as to defraud the United States.

Prosecutors said on Tuesday the illegal proceeds were spent on a variety of things, from gold and non-fungible tokens to ‘absolutely mundane things such as purchasing a Walmart gift card for $500.’

Bitfinex said in a statement that it was to working with the Department of Justice to ‘establish our rights to a return of the stolen bitcoin.’

‘We have been cooperating extensively with the DOJ since its investigation began and will continue to do so,’ the company said. 

Bitfinex said it intends to provide further updates on its efforts to obtain a return of the stolen bitcoin as and when those updates are available. 

Tuesday’s criminal complaint came more than four months after Monaco announced the department was launching a new National Cryptocurrency Enforcement Team, which is comprised of a mix of anti-money laundering and cybersecurity experts.

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded - so massive that news of the theft knocked 20 percent off Bitcoin's value

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded – so massive that news of the theft knocked 20 percent off Bitcoin’s value

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States

Morgan is seen rapping with the New York Stock Exchange behind her to the right

Morgan is seen rapping with the New York Stock Exchange behind her to the right

Cyber criminals who attack companies, municipalities and individuals with ransomware often demand payment in the form of cryptocurrency.

In one high-profile example last year, hackers caused a widespread gas shortage on the U.S. East Coast when by using encryption software called DarkSide to launch a cyber attack on the Colonial Pipeline.

The Justice Department later recovered some $2.3 million in cryptocurrency ransom that Colonial paid to the hackers.

Cases like these demonstrate that the Justice Department ‘can follow money across the blockchain, just as we have always followed it within the traditional financial system,’ said Kenneth Polite, assistant attorney general of the department’s Criminal Division. 

Justice Department officials say that though the proliferation of cryptocurrency and virtual currency exchanges represent innovation, the trend has also been accompanied by money laundering, ransomware and other crimes

‘Toda’´s arrests, and the Department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals,’ Deputy Attorney General Lisa Monaco said in a statement. 

‘In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions. Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter the form it takes.’  

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