U.S. Department of Justice Seized Over $3.36 Billion In Bitcoin Tied To Silk ...
James Zhong stole over $3 billion BTC from Silk Road by committing wire fraud and possibly faces over 20 years in prison in the latest U.S. 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....
Related News
According to a press release, the U.S. Department of Justice (DoJ) seized over $3.3 billion or 50,000 Bitcoin (BTC) tied to the infamous digital Silk Road. This capture is one of the largest in history for the DoJ, the Southern District of New York, and the Internal Revenue Service (IRS) criminal division. Related Reading: Wuhan […]
Over $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges. Bridges Is Set to Be Freed in November Per recent court filings, cited by Fortune, the 69,370 bitcoins taken by the law enforcement also have possible ties with Carl Mark Force IV, a former official from the Drug Enforcement Administration (DEA). Both agents were part of the investigations related to the now-defunct darknet marketplace.....
Federal prosecutors have seized 69,730 ($1 billion worth) of bitcoin associated with darknet marketplace Silk Road. Here’s what we know so far. The post Government Seizes 69,730 Bitcoin ($1 Billion) Tied To Silk Road appeared first on Bitcoin Magazine.
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.”
Silk Road Exploiter Pleads Guilty
The U.S. Department of Justice (DOJ) announced Monday that James Zhong pleaded guilty on Friday “to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 bitcoin from the Silk Road dark web....
The former Secret Service agent convicted in the theft of Bitcoin from the Silk Road during their investigation is accused of stealing even more than previously thought. According to newly released documents, Shaun Bridges, one of two federal agents caught stealing during the Silk Road investigations, is accused by prosecutors of stealing an additional $700,000 worth of Bitcoin. Bridges is currently serving a 71-month prison sentence for the initial theft. Government knew Bridges had access to the seized Bitcoin. According to the recently released documents, the Department of Justice knew....