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Bitcoin Thieves Sentenced to Prison for Millions in Stolen Cryptocurrency

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Source: msnNOW
Bitcoin Thieves Sentenced to Prison for Millions in Stolen Cryptocurrency
Photo: msnNOW
TL;DR

James Zhong, who stole over 50,000 Bitcoin from the Silk Road dark web marketplace, was sentenced to a year and a day in prison. The Bitcoin was worth over $3.4 billion at the time it was seized. Zhong stored the stolen cryptocurrency in an underground safe and a Cheetos popcorn tin. US authorities obtained a search warrant to search his home in Georgia in November 2021, where they recovered the stolen Bitcoin and more than $660,000 in cash, as well as silver and gold bars.

Topics:businesscryptocurrency-crime#bitcoin#cryptocurrency-crime#dark-web#prison#silk-road#stolen
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  1. Man gets prison time after feds discover $3.4 billion in stolen Bitcoin hidden inside a Cheetos popcorn tin and underground safe  msnNOW
  2. Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud – Bitcoin News  Bitcoin News
  3. Man Gets Prison Time After Feds Discover $3.4B In Stolen Bitcoin Hidden Inside Cheetos Popcorn Tin  Benzinga
  4. Man Sentenced to Prison for Stealing Bitcoin from Silk Road  Blockchain.News
  5. Silk Road Bitcoin Thief, Once Worth $3.4 Billion, Receives One-Year Prison Sentence  Cryptonews

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