Man sentenced to prison for $3.4 billion Bitcoin theft hidden in Cheetos tin and safe.

1 min read
Source: Yahoo News
Man sentenced to prison for $3.4 billion Bitcoin theft hidden in Cheetos tin and safe.
Photo: Yahoo News
TL;DR Summary

James Zhong, who stole over 50,000 Bitcoin from Silk Road, has been sentenced to a year and a day in prison. The stolen Bitcoin was worth over $3.4 billion at the time it was seized. Zhong stored the stolen cryptocurrency in an underground safe and a Cheetos popcorn tin. He was caught when US authorities obtained a search warrant and recovered the Bitcoin, which is still worth over $1.5 billion today.

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