Tag

Silk Road

All articles tagged with #silk road

world-news17 days ago•26 min saved

Roadwork in Tbilisi Unearths 1,000-Year-Old Silk Road Pottery Cache

Renovation crews in Tbilisi, Georgia, discovered a cache of ancient pottery dating back roughly 1,000 years while upgrading Rustaveli Avenue. The artifacts, found 20 feet underground, include decorated fragments and jugs from the 10th and 11th centuries. Museum officials noted the find is consistent with the city's history as a multicultural hub on the Silk Road. Further analysis, including 3D scanning, is underway to determine precise dates.

via New York Post|

#archaeology #georgia #history

history18 days ago•3 min saved

Roadwork in Tbilisi Uncovers 1,000-Year-Old Pottery Cache Beneath Main Boulevard

Construction crews renovating Rustaveli Avenue in Tbilisi, Georgia, discovered a cache of ancient pottery buried approximately 20 feet underground. The artifacts, believed to date from the 10th to 11th centuries, include intricately decorated fragments and jugs. Officials noted that such finds are common in Tbilisi due to its long history as a multicultural and economic hub along the Silk Road. Further analysis, including 3D scanning, is underway to determine the precise age and origin of the items.

via Fox News|

#archaeology #georgia #history

politics2 years ago•1 min saved

Trump Promises to Commute Silk Road Founder’s Sentence if Elected

At the Libertarian National Convention, former President Donald Trump announced his intention to commute Ross Ulbricht's life sentence if re-elected. Ulbricht, an Austin native and creator of the Silk Road online drug marketplace, was sentenced to life in prison in 2015 for his role in facilitating drug sales and other crimes. The announcement was met with strong support from libertarians at the convention.

via KXAN.com|

#commutation #donald-trump #libertarian-national-convention

history-travel2 years ago•9 min saved

"Unveiling the 14th-Century Bestseller: The Real Adventures of Marco Polo"

Marco Polo's 14th-century book "The Travels of Marco Polo" became a bestseller, detailing his journey along the Silk Road and encounters with wonders, spices, and extravagant customs. Despite skepticism about the truthfulness of his accounts, evidence suggests that Polo's travels were indeed extensive, and his legacy as one of the world's first travel writers endures. His eclectic observations of different cultures and mythical creatures offer a unique perspective on the world, emphasizing openness and curiosity towards other cultures.

via BBC.com|

#historical-exploration #history-travel #marco-polo

crime3 years ago•15 min saved

"The Rise and Fall of Jimmy Zhong: A $3 Billion Bitcoin Heist"

Jimmy Zhong, a former bitcoin developer and party boy, reported the theft of hundreds of thousands of dollars in cryptocurrency from his home in Athens, Georgia. The investigation led to the discovery that Zhong was not only a victim but also a major bitcoin thief involved in the hacking of the Silk Road marketplace in 2012. Zhong's lavish lifestyle, funded by his stolen bitcoin, came to an end when law enforcement raided his home and seized millions of dollars worth of cryptocurrency. He was sentenced to one year and a day in federal prison for wire fraud. The stolen bitcoin was sold off by the government, and no victims came forward to claim the funds.

via CNBC|

#bitcoin #crime #cryptocurrency

cryptocurrency3 years ago•6 min saved

Russian Hackers Charged in Mt. Gox Bitcoin Collapse

Unsealed court documents reveal that Russian nationals Alexander Verner and Alexey Bilyuchenko, along with unnamed co-conspirators, stole 647,000 bitcoin from Mt. Gox between 2011 and 2014, with 300,000 of those coins going to BTC-e. The stolen bitcoin was liquidated using U.S. companies, including BitInstant and Memory Dealers. BTC-e was shut down by the FBI in 2017, and its alleged operator, Alexander Vinnik, was arrested in Greece and later extradited to the U.S. to face charges for computer intrusions, hacking incidents, and money laundering. The unsealed indictment also reveals that BTC-e served about 700,000 users, including the ransomware gang CryptoWall and Fancy Bear, the hacker group believed to be sponsored by Russia's military intelligence agency.

via CoinDesk|

#bitcoin #btc-e #cryptocurrency

crime3 years ago•1 min saved

Bitcoin Thieves Sentenced to Prison for Massive Heist

James Zhong, the hacker responsible for the Silk Road marketplace breach, has been sentenced to a year in prison for wire fraud charges. Zhong stole over 50,000 Bitcoin from Silk Road by creating multiple accounts and misleading Silk Road into releasing Bitcoin into his accounts. Authorities searched Zhong's home in Georgia and recovered over 50,000 Bitcoin, gold and silver bars, and more than $660,000 in cash. When the Bitcoin was seized, it was valued at $3.4 billion. Today, it is worth more than $1.5 billion.

via Benzinga|

#bitcoin #crime #hacker

cryptocurrency-crime3 years ago•10 min saved

Bitcoin Thieves Sentenced to Prison for Millions in Stolen Cryptocurrency

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.

via msnNOW|

#bitcoin #cryptocurrency-crime #dark-web

crime3 years ago•2 min saved

Man sentenced to prison for $3.4 billion Bitcoin theft hidden in Cheetos tin and safe.

James Zhong, who stole over 50,000 Bitcoin from Silk Road, has been sentenced to a year and a day in prison. The stolen 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. He was caught when US authorities obtained a search warrant and recovered the Bitcoin, which is still worth over $1.5 billion today.

via Yahoo News|

#bitcoin #crime #dark-web

crime3 years ago•4 min saved

Silk Road thief sentenced to one year in prison for $3.4B Bitcoin theft

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.

via Fortune|

#bitcoin #crime #prison-sentence

crime3 years ago•0 min saved

Billionaire Bitcoin Thief Sentenced to One Year in Prison.

James Zhong, who stole over 50,000 Bitcoin from Silk Road in 2012, was sentenced to a year and a day in prison after pleading guilty to wire fraud. The Bitcoin was worth $620,000 at the time of the heist, but its value had exploded to $3.35 billion by the time authorities seized it in November 2021, making it the second-largest financial seizure in US history.

via Bloomberg|

#bitcoin #crime #financial-seizure

crime3 years ago•1 min saved

Silk Road Bitcoin thief sentenced to one year in prison for $3.4B theft.

James Zhong, who pleaded guilty to wire fraud charges related to the theft of over 51,680 Bitcoin from the Silk Road marketplace in 2012, has been sentenced to one year and one day in prison. Zhong managed to conceal his crime for roughly 10 years before facing charges, and US authorities seized the Bitcoin holdings from his home in Georgia in November 2021, worth roughly $3.4 billion at the time. The Silk Road marketplace, defunct for roughly 10 years, allowed users to buy and sell illicit goods, drawing the attention of US authorities.

via Cointelegraph|

#bitcoin-theft #crime #james-zhong

cryptocurrency3 years ago•2 min saved

US Government to Sell Confiscated Silk Road Bitcoin Stash

The US government plans to sell 41,490 BTC, worth $1.17 billion at current exchange rates, in 2023, according to a court filing submitted in the case of James Zhong’s sentencing. The government confiscated over 50,000 BTC from Zhong in November 2022. The court document notes that the government has already sold 9,861 BTC from the Ulbricht case for $215,738,154.98. The remaining 41,490 BTC is expected to be liquidated in four more batches over the course of this year. The US government currently holds 205,515 BTC, and after the sale, it will still have 164,025 BTC, worth $4.65 billion.

via Bitcoin News|

#asset #bitcoin #cryptocurrency

cryptocurrency3 years ago•2 min saved

US Government to Sell $1.5 Billion Worth of Bitcoin Seized from Silk Road Hacker

The US government plans to sell over $1.17 billion worth of Bitcoin seized from Silk Road hacker James Zhong, who was accused of stealing the virtual assets from the illicit marketplace in 2012. The government has already sold about 9,861 BTC of the total amount seized for more than $215 million on March 14th, leaving about 41,491 BTC. The government says it will not sell the remainder of the BTC until after Zhong is sentenced, which is scheduled for April 14.

via The Daily Hodl|

#asset-seizure #bitcoin #cryptocurrency