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.
5 comments
Sounds like a nice movie. Will watch when released.
what would you call it “the Big Blunder”?
what about the Godzilla vs King Kong remake. Looks like King Kong will win. A box office blockbuster
That would be cool if they made it into a movie. I heard the Justice Department seized nearly $3.5 billion worth of Crypto but I did not know how or from who. Thanks for filling us in. You would think people would know by now that you will be found eventually unless you take the necessary precautions. Why did you keep a computer like that under a blanket?! I would have hidden that a little better and then moved somewhere far away. That is some crazy news.
guy at work sent me a cut and paste piece about that had conflicting info. Wasn’t doing anything at work so dug deeper and ended up doing a quick post pb0x and read