Silk Road Saga: US Authorities Seize $3. 36 Billion In Bitcoin From James Zhong. Summary:. The U.
08 Nov 2022, 08:00
Silk Road Saga: US Authorities Seize $3.36 Billion In Bitcoin From James Zhong
Summary:
The U.S. Department of Justice confiscated some 50,000 Bitcoin linked to the Silk Road platform.Authorities seized BTC valued at $3.36 billion at the time from one James Zhong in November 2021.Zhong pleaded guilty to defrauding the dark web marketplace of digital assets. U.S. prosecutors seized over 50,000 Bitcoin (BTC) from a defendant in connection to the Silk Road, a dark web marketplace created by Ross William Ulbricht in 2011.
Monday’s official statement from the U.S. Justice Department said authorities discovered around 50,676 BTC on November 9, 2021, after searching the Georgia residence of James Zhong.