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14 kwi 2023 · James Zhong, 32, was sentenced Friday in New York federal court, where he pleaded guilty to wire fraud last year. At the time of the heist in 2012, the Bitcoin was worth $620,000.
- Bitcoin
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- Bitcoin
7 lis 2022 · As an example, on September 19, 2012, Zhong deposited 500 Bitcoin into a Silk Road wallet. Less than five seconds after making the initial deposit, Zhong executed five withdrawals of 500 Bitcoin in rapid succession — i.e., within the same second — resulting in a net gain of 2,000 Bitcoin.
9 maj 2023 · 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 a bathroom closet under a pile of blankets. Zhong,...
tldr; James Zhong has been sentenced to one year and one day in prison for stealing about 50,000 Bitcoin from the dark web marketplace Silk Road more than a decade ago. Zhong used a decentralized Bitcoin mixer, an overseas cryptocurrency exchange, and an impressive array of technological tools to frustrate tracing efforts.
14 kwi 2023 · Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES ZHONG was sentenced today to one year and one day in prison for committing wire fraud in September 2012 when he unlawfully obtained approximaely 50,000 Bitcoin from the Silk Road dark web internet marketplace.
7 lis 2022 · The $3.36 billion belonged to James Zhong, 32, of Gainesville and Athens, Georgia. On Friday, Zhong pled guilty to one count of wire fraud, an offense that carries a maximum sentence of 20...
14 kwi 2023 · James Zhong pleaded guilty to the wire fraud charges in November 2022 and has been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme.
