U.S. Department of Justice Seized Over $3.36 Billion In Bitcoin Tied To Silk Road

By akohad Nov7,2022 #Bitcoin #DOJ #Markets #News #Seizure


The U.S. Department of Justice seized over $3.36 billion in BTC related to Silk Road that has been missing since 2012, per a release from the Justice Department.

James Zhong, an exploiter who stole 51,680.32473733 BTC from Silk Road, has pleaded guilty to committing wire fraud in order to steal bitcoin from the dark web marketplace.

“James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road,” U.S. Attorney Damian Williams said. “For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery.”


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By akohad

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