There’s always a way to follow the money. The US Department of Justice announced the conviction of James Zhong. The charges were connected to the theft of over 50,000 BTC from Silk Road.
from Zhong’s home in the state of Georgia in November 2021, at which time the total value of the crypto was roughly $3.36 billion.
Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities tracking down and recovering the stolen BTC. IRS special agents raided Zhong’s property, finding more than 50,491 BTC in a floor safe and “on a single-board computer that was submerged under blankets in a popcorn tin” in addition to another hoard of more than 11 BTC, $661,900 in cash, and 25 Casascius coins worth roughly 174 BTC.
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