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This is act 3! Go back and watch acts 1 and 2 if you have not already! Meet James Zhong, a 22 year old who single handedly stole more than $3.4...
13 wrz 2023 · Zhong pulled off the theft by exploiting a flaw in Silk Road’s Bitcoin withdrawal mechanism for vendors. According to the Department of Justice (DOJ), Zhong set up fake Silk Road vendor accounts solely for this purpose, never actually listing anything for sale.
7 lis 2022 · James Zhong’s actions date back to September 2012 when he unlawfully obtained over 50,000 bitcoins from the now-infamous dark web site that accepted the cryptocurrency in exchange for drugs...
9 maj 2023 · Zhong, now 32, was sentenced to a year in federal prison last month for a hack that took place almost 11 years ago. His victim? Ross Ulbricht, the proprietor of the Silk Road dark web drug...
James "Jimmy" Zhong 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]
7 lis 2022 · U.S. Attorney Damian Williams said: “James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road. For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery.
7 lis 2022 · In a Nov. 7 announcement, the U.S. Department of Justice said James Zhong pled guilty to wire fraud charges related to executing a scheme to steal roughly 50,676 Bitcoin from Silk Road.
