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Old News Gets a Fresh Cost of Paint - Justice Department announces it seized nearly $3.5 billion worth of crypto. - this is U.S. Department of Justice’s second-largest financial seizure to date. - they raided the residence of James Zhong. - Zhong pleaded guilty Friday to wire fraud. - Zhong stole 50,676 Bitcoin from the illegal Silk Road marketplace. - the FBI shut down Silk Road in 2013. - Zhong created nine fraudulent accounts in 2012. - he blasted the Silk Road system with over 140 transactions in less than a second that caused it to release 51,680 bitcoin - which Zhong then sent to other bitcoin wallets he controlled. - Feds found a single board computer under blankets in an old popcorn tin in the bathroom closet.

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