2023-10-18
CNBC
3 related
How IRS officials tracked down James Zhong, a hacker who stole 50K+ bitcoin from Silk Road in 2012 and was involved in the development of bitcoin itself in 2009
- In 2012, someone stole 50,000 bitcoin from the Silk Road, an illegal dark web marketplace.
2023-04-16
Bloomberg
8 related
A New York federal judge sentences James Zhong, who stole 50K+ bitcoin from Silk Road in 2012, to one year and one day in prison; Zhong faced 27 to 33 months
Bloomberg reports: — “A Georgia man who stole more than 50,000 Bitcoin … Tweets: @sdnynews : Silk road dark web fraud defendant sentenced following seizure and forfeiture of over $3.4 billion in cry...
2023-04-15
Bloomberg
7 related
A New York federal judge sentences James Zhong, who stole 50K+ bitcoin from Silk Road in 2012, to one year and one day in prison; Zhong faced 27 to 33 months
A Georgia man who stole more than 50,000 Bitcoin from the Silk Road drug-trafficking site before his cache hit $3.35 billion in value must serve a year in prison.
2023-04-01
CoinDesk
11 related
Filing: the US government sold ~$216M of seized Silk Road BTC in March, part of the 50K BTC stolen by James Zhong, and plans to sell 41,490 BTC in four tranches
The government will sell the remaining 41,490 BTC in four tranches this year. — The U.S. government sold 9,861.17 bitcoin …
2022-11-08
CoinDesk
19 related
The US DOJ seized 50,676 bitcoins in November 2021, now worth ~$1B, from James Zhong, who pled guilty to wire fraud for taking the coins from Silk Road in 2012
Oliver Knight / CoinDesk :
2022-11-07
CoinDesk
17 related
The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud
The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they're worth $1.04 billion.
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