Silk Road thief sentenced to one year in prison for $3.4B Bitcoin theft
TL;DR
James Zhong, who stole over 50,000 Bitcoin from the Silk Road drug-trafficking site in 2012, was sentenced to a year and a day in prison after the value of the stolen Bitcoin hit $3.35 billion. Zhong spent $16 million of the proceeds on real estate investments, luxury hotels, nightclubs, and Lamborghinis. The value of the Bitcoin seized is now about $1.56 billion. Zhong pleaded guilty to wire fraud last year and expressed "shame and remorse" in court.
- Theft of Bitcoin that topped $3 billion in value leads to one-year prison sentence for James Zhong: ‘I always knew what I did was wrong’ Fortune
- Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison Cointelegraph
- Man gets prison time after caught with $3.4 billion in stolen Bitcoin Business Insider
- Silk Road attacker receives one year sentence for $3.4B Bitcoin theft CryptoSlate
- Silk Road Thief Who Stole 50,000 Bitcoin Gets 1 Year Jail Tim CoinGape
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