Billionaire Bitcoin Thief Sentenced to One Year in Prison.
TL;DR Summary
James Zhong, who stole over 50,000 Bitcoin from Silk Road in 2012, was sentenced to a year and a day in prison after pleading guilty to wire fraud. The Bitcoin was worth $620,000 at the time of the heist, but its value had exploded to $3.35 billion by the time authorities seized it in November 2021, making it the second-largest financial seizure in US history.
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