Bitcoin Thieves Sentenced to Prison for Millions in Stolen Cryptocurrency

James Zhong, who stole over 50,000 Bitcoin from the Silk Road dark web marketplace, was sentenced to a year and a day in prison. The 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. US authorities obtained a search warrant to search his home in Georgia in November 2021, where they recovered the stolen Bitcoin and more than $660,000 in cash, as well as silver and gold bars.