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Category James Zhong

US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins

US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins

On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally ...
9,800 Bitcoin Tied To Silk Road Moving To New Wallet

9,800 Bitcoin Tied To Silk Road Moving To New Wallet

The US Department of Justice (DOJ) has transferred 9,825 Bitcoin linked to the Silk Road darknet marketplace to new addresses in two transactions. ...
Silk Road Hacker Received Only One Year Jail For Theft Of More Than 50,000 BTC

Silk Road Hacker Received Only One Year Jail For Theft Of More Than 50,000 BTC

The US Attorney for the Southern District of New York revealed that James Zhong was sentenced to one year in prison for wire fraud in the 50,000 BT...
11 years later, Silk Road BTC hacker faces his sentence

11 years later, Silk Road BTC hacker faces his sentence

James Zhong defrauded Silk Road in 2012 and managed to steal at least 50,000 BTC. However, the culprit was sentenced to a year in prison as of 14 A...
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road ma...