Money

U.S. Department of Justice Seizes Over $3.36 Billion Bitcoin – Bitcoin Magazine



The US Department of Justice has seized over $3.36 billion in Silk Road-related BTC that has gone missing since 2012, according to a release from the Department of Justice.

James Zhong, a miner who stole 51,680,32473733 BTC from Silk Road, has pleaded guilty to committing remittance fraud to steal bitcoins from the dark web.

“James Zhong committed wire transfer fraud over a decade ago when he stole approximately 50,000 Bitcoins from Silk Road,” said US Attorney Damian Williams. “For almost ten years, the whereabouts of this large volume of missing Bitcoin has become a mystery of more than $3.3 billion.”

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