The 'Crocodile of Wall Street' and Her Husband Face Trial

Words fail when describing the infamous crypto couple who allegedly laundered $4.5 billion. He’s behind bars and she’s put her raunchy rap videos on hold, but Hollywood is calling. That’s why Heather “Razzlekhan” Morgan and Ilya “Dutch” Lichtenstein share a spot on CoinDesk’s Most Influential 2022.

AccessTimeIconDec 5, 2022 at 12:49 p.m. UTC
Updated Dec 29, 2022 at 4:13 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Elizabeth Napolitano is a news reporter at CoinDesk.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

More: An NFT of this work was sold at auction on Coinbase NFT. A percentage of the sale went to oneearth.org.

Heather Morgan is many things: a Forbes contributor, a tech entrepreneur and an alleged criminal. After her arrest for alleged crypto money laundering, another persona was discovered: Razzlekhan, a campy YouTube rapper who declared herself the “Crocodile of Wall Street.”

Publications from BuzzFeed to the Washington Post have profiled the raunchy rapper about her alleged billion-dollar frauds. And Vanity Fair has billed her as one-half of crypto's Bonnie and Clyde – a title she's earned with her husband and partner in crime, Ilya “Dutch” Lichtenstein.

Morgan and Lichtenstein await trial for their alleged involvement in a 2016 plot to launder roughly $4.5 billion in cryptocurrencies stolen from Hong Kong-based crypto exchange Bitfinex in a notorious hack. Though they were not charged with pulling off the hack itself, the couple were arrested and charged back in February with conspiracy to commit money laundering and conspiracy to defraud the United States.

CoinDesk - Unknown

Heather Morgan, from her video "Rap Anthem for Misfits & Weirdos: Versace Bedouin Music Video (2019)" (Razzlekhan on YouTube)

Despite their mounting legal troubles, Razzlekhan has kept busy while out on bail, maintaining her Forbes column, among other things. Dutch, a Russian émigré, has remained behind bars awaiting trial, an enigma seemingly overshadowed by his larger-than-life wife. And due to America’s strange fascination with odd crimes and even odder criminals, her star may soon be on the rise.

Razzlekhan's legal troubles have paved a path for her to step before the white-hot klieg lights she seems to have always coveted, and where she's receiving the full Hollywood treatment.

Hulu is producing a true-crime limited series about Razzlekhan's life starring Lily Collins. Meanwhile, Netflix has ordered a docuseries on the suspected shyster.

Infamy is still fame, right?

Issue Week
Issue 21Culture Week 2023Explore This Issue

More from Consensus Magazine


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Elizabeth Napolitano is a news reporter at CoinDesk.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Elizabeth Napolitano is a news reporter at CoinDesk.