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James "Jimmy" Zhong (born May 24, 1990) is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; [2] value as of 2023 approximately $3.4 billion [3]) from the online black market Silk Road between 2012 and 2014. [4]
20 paź 2023 · In the sting operation, they discovered crucial evidence at Zhong’s residence and managed to get a look at his Bitcoin wallet where he had stored $60 or $70 million worth of Bitcoin, CNBC...
4 lis 2023 · Utilizing his computer skills, Zhong hacked the platform and stole 51,680 Bitcoins between 2012 and 2014. This theft, valued at over $3 billion, went unnoticed until blockchain analytics firm Chainalysis identified a suspicious transaction that eventually led to his downfall.
19 paź 2023 · A new CNBC documentary details the story of James "Jimmy" Zhong and the 2019 Athens break-in that exposed a $3 billion cryptocurrency fraud.
9 maj 2023 · Where would you hide $3.4 billion worth of Bitcoin? For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in ...
7 lis 2022 · Prosecutors said Zhong executed a sophisticated scheme to defraud Silk Road of what was about $650,000 worth of bitcoin, based on the value of the cryptocurrency when the fraud took place in ...
7 lis 2022 · When investigators seized the funds last year, they were worth over $3 billion — now they’re ‘only’ worth around a billion.
