820 - Lawrence Lewitinn: What would you do with a stolen 4 Billion dollars

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 10 February 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happened to the 2016 Bitcoin Bitfinex Hack? Who actually hacked the exchange? In recent news, it seems like Ilya Lichtenstein and his wife, Heather Morgan were accused of the hack? Did they do it? What do we know, and what do we not know?In this episode, I called up, Lawrence Lewitinn, the Managing Director at Coindesk, and ask him about the story. Did they actually do it? How did the hack happen? Who else did we suspect?Also, what would you do, if you have stolen 4 billion dollars?Are we all safe from hackers? Is it safe to leave our crypto on any changes? To quote Lawrence, not your key, not your bitcoin!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger show.
0:08.8	I was really fascinated by the news released yesterday.
0:18.8	I guess in 2016 there was a hack of an exchange bitfinex where somebody stole at that time
0:26.0	about $70 million worth of crypto was the largest hack at the time.
0:30.2	I think it's one of the largest hacks in financial or the largest crimes in financial history
0:34.7	of stealing from an exchange.
0:36.8	Now those same coins are worth about $4.5 billion.
0:42.2	Yesterday they caught a couple involved, Ilya, Lichtenstein and Heather Morgan.
0:48.6	The whole case is fascinating for a variety of reasons and I have on with me Lawrence
0:52.8	and I have our paths of intersection of various points.
0:58.4	We both worked with the street.com, the New York observer, Yahoo, CNBC.
1:04.3	Now you're at coin desk right now.
1:07.3	I'm like coin desk now, yeah.
1:09.2	So you were reporting on this and I just wanted to chat about this case.
1:12.5	What's so interesting about it.
1:14.2	First off, why don't you summarize what you've covered so far?
1:17.4	Okay, well, the first thing to say is all of this is alleged by the fence, right?
1:23.0	So this is not an innocent and so proven guilty and we actually don't know the full details
1:29.2	and that is even clear when you read the complaint that was filed.
1:33.4	So yeah, so as you were saying in 2016 an exchange called bitfinex which is one of it, it
1:40.7	has an interesting place in the role of crypto in that bitfinex and its sister company
	...

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