James Zhong has pleased guilty of stealing silk road bitcoin unawarely. He has admitted to his irresponsibility perhaps. He has been charged with fraud wiring in November 2022. He has been sentenced to one year in prison. James Zhong unlawfully obtained the Bitcoin scheme.
More Than 51,680 Bitcoin Were Stolen From Silk Road Bitcoin
SR Bitcoin from the 2012 marketplace was stolen by James Zhong. The southern district of new york city finally sentenced James Zhong. He pleaded guilty to wire fraud. He unlawfully obtained Bitcoin perhaps. That silk road bitcoin is worth more than $3.4 billion.
James Zhong has been sentenced to one year and one day in prison. Last year in November he skillfully executed his plan to loot silk road bitcoin. He was found with 51,680 bitcoins. For the past four months, he has been awaiting his sentencing.
SR Bitcoin worked actively for 10 years only. It allowed users to sell and buy goods. It worked as a black market perhaps. Users were selling stolen credit cards and even weapons were sold here.
The creator of silk road bitcoin Ross Ulbricht was arrested in 2013. Currently serving two life sentences without a possibility of parole. His company brought attention to themselves of the US authorities perhaps.
They dived into the business knowledge of the risks. They weren’t completely unaware whatsoever.