This hipster couple described themselves as “serial entrepreneurs” focused on bitcoin tech and the B2B space. But federal prosecutors say they were secret criminals sitting atop a huge cache of stolen bitcoin whose value was shooting through the roof.
They described themselves as “serial entrepreneurs” focused on bitcoin technology and the B2B space, but prosecutors say the only business they seemed to be doing was laundering stolen money.
That presented serious problems for the couple, who have allegedly struggled for the past five years to launder the ever-increasing pile of money, prosecutors said. The pair had appeared to have managed to launder only about 20% of it, according to court papers. Investigators say they seized about 90,000 bitcoin worth around $3.6 billion last week from virtual wallets controlled by the couple.
The couple couldn’t immediately be reached for comment, and it wasn’t clear whether they had retained attorneys. In court papers, prosecutors said the couple had tried to use accounts tied to their startups to bring the ill-gotten money back into the legitimate economy.
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