James Zhong stole approximately 50,000 bitcoin from the Ross Ulbricht-run marketplace. He was sentenced to one year and one day in prison.
A hacker who exploited a flaw in Silk Road’s withdrawal system for a bitcoin heist that became worth billions will serve a prison sentence and lose his coins after pleading guilty to wire fraud.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
The incidents occurred between 2011 and 2013, when bitcoin held far less value. The original cryptocurrency ended 2013 at less than $800 per coin, far less than its current market price of approximately $30,000. Authorities raided Zhong’s home on Nov. 9, 2021, close to the time when bitcoin reached its highest ever value of nearly $69,000.
Zhong also received over 50,000 in bitcoin cash following the 2017 hard fork split between bitcoin and bitcoin cash’s blockchains. Federal law enforcement recovered the nearly 50,500 bitcoin from a single-board computer hidden under blankets in a Cheetos popcorn tin stored in a bathroom closet, according to aIn addition to that bitcoin, law enforcement also seized nearly $662,000 in cash and 25
Casascius coins, physical metal coins created to represent bitcoin that also contained private keys to control actual bitcoin. Those physical representations held value totaling approximately 174 bitcoin.Casascius coins, several physical metal bars, cash, and an investment in a real estate holding company© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prisonThe U.S. Justice Department announced James Zhong had been sentenced to one year and one day in prison for charges related to executing a scheme to steal more than 51,680 Bitcoin.
Lire la suite »
35 Best Mother’s Day Gifts to Give Mom This YearFrom silk scarfs to fine (but affordable!) jewelry, these gift ideas are Vogue-approved.
Lire la suite »
Water worries: Utah cities react to flooding; 20 Kaysville homes evacuated after road damageA sinkhole caused by flooding from spring runoff is pictured on Orchard Ridge Lane in Kaysville on April 12, 2023. Read more: 📸: Spenser Heaps, Deseret News
Lire la suite »
Police investigating fatal Eola Road crash in Aurora that took life of Welch Elementary School teacherNicole Dickerson, a teacher at Welch Elementary School in Naperville, died a few days after sustaining injuries in the crash on Eola Road, police officials said in a news release.
Lire la suite »
'Kramer Crew’ continues to make its mark as Arizona preps for big road testUA freshman duo of Dominique Rolland and Eric Padgham have already made an impact for first-place Wildcats men's tennis team.
Lire la suite »
Road to the Pros: Henry To'oTo'o relied on family to achieve his football dreamsAlabama LB Henry To’oTo’o broke down his path from California to the University of Tennessee and, eventually, Alabama in aldotcomSports 'Road to the Pros.' The Emmy-winning documentary series returns to explore To’oTo’s roots. Watch the first installment:
Lire la suite »