Particular person behind $3.4B Silk Highway Bitcoin theft sentenced to 1 12 months in jail

The US Lawyer’s Workplace for the Southern District of New York has introduced the sentencing of a person who pleaded responsible to wire fraud prices related to “unlawfully obtained” from the Silk Highway market in 2012.

In an April 14 announcement, the U.S. Justice Division mentioned James Zhong was sentenced to 1 12 months and at some point in jail for prices associated to executing a scheme to steal greater than 51,680 Bitcoin (BTC). Zhong pleaded responsible to the costs in November 2022 and has been awaiting sentencing.

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