A Georgia man faces up to 20 years in prison after more than $3 billion in stolen Bitcoin was found stashed in a popcorn tin at his home in what authorities call the second largest seizure of cryptocurrency.
James Zhong, 32, pleaded guilty on Friday to stealing the Bitcoin a decade ago from the illegal Silk Road marketplace, which the FBI shut down in 2013.
The U.S. If you beloved this article and evden EvE NakLiYAT you would like to obtain much more info relating to eVDen evE nAkLiYaT kindly stop by our web site. Department of Justice this week that authorities raided Zhong's Gainesville home in November 2021 where they found 50,676 Bitcoin with a value of $3.36 billion at the time. 
The raid resulted in the second-largest seizure of cryptocurrency, following the $3.6 billion in stolen crypto linked to the 2016 hack of crypto exchange Bitfinex, but [url=/news/article-11412595/Paranoid-crypto-millionaire-Nikolai-Mushegian-drowns-Puerto-Rico.html]cryptocurrencyhas since dropped in value. 
Bitcoin hit a two-year low of $15,632. Ether, the next largest cryptocurrency, extended losses on Wednesday to hit its lowest since July. 
Zhong pleaded guilty to one count of wire fraud, EvdEN eve NAkliYAt which carries a maximum sentence of 20 years in prison. He is scheduled to be sentenced on February 22, 2023. 









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Bitcoin, the largest cryptocurrency by market capitalization, hit a two-year low of $15,632. Ether, the next largest cryptocurrency, extended losses Wednesday to hit its lowest since July

Silk Road is an online black market used to distribute illegal drugs and goods to buyers, according to the U.S. Attorney. 
'Mr. Zhong executed a sophisticated scheme designed to steal bitcoin from the notorious Silk Road Marketplace,' Special Agent in Charge Tyler Hatcher said.
'Once he was successful in his heist, evdEn eVE naKLiyaT he attempted to hide his spoils through a series of complex transactions which he hoped would be enhanced as he hid behind the mystery of the darknet.'
Beginning in March 2022, Zhong began voluntarily surrendering to the government additional Bitcoin that he had access to and had not dissipated. In total, he voluntarily surrendered 1,004 additional Bitcoin.






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