Bitcoin Bonnie and Clyde

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Science, Technology, Society & Culture

4.6 • 1.3K Ratings

🗓️ 18 February 2022

⏱️ 20 minutes

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Summary

A tech investor and his rapper wife were busted for a multi-billion dollar bitcoin heist. They couldn’t really spend any of the money. This episode of Today, Explained was produced by Victoria Chamberlin edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard and hosted by Sean Rameswaram. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	So if I told you to think about the people who created social media, you'd probably think
0:06.8	about a certain type of guy.
0:09.4	But what if that's not the whole story?
0:11.2	We mythologized these Silicon Valley men, but actually as my reporting shows, they constantly
0:16.0	don't know what they're talking about and they don't know what they're doing.
0:18.6	And a lot of all these breakthrough features on social media, by the way, were actually
0:24.1	created by users.
0:25.6	The untold history of social media, this week on Into It, from Vulture and New York
0:31.3	magazine.
0:32.4	Warning, today's show is about the Bonnie and Clyde of Bitcoin.
0:41.8	Bonnie has a bit of a potty mouth.
0:43.6	Listener discretion is advised.
0:50.3	My name is Devlin Barrett.
0:51.3	I cover the FBI and Justice Department for the Washington Post.
0:56.8	So on February 8th, a pretty amazing arrest happened of a couple in New York in their
1:02.1	30s arrested on charges of trying to launder $4.5 billion worth of Bitcoin.
1:09.6	Today, the Department of Justice has dealt a major blow to cyber criminals looking to exploit
1:16.1	cryptocurrency.
1:17.1	We've just department says that's the largest seizure they've ever done.
1:20.6	The Department of Justice has seized over $3.6 billion worth of that stolen cryptocurrency.
1:28.4	Largest ever, like, like, bigger than an Al Capone comparatively, relatively bigger than
1:33.8	a Bernie Madoff, anything like that.
	...

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