Particular person behind $3.4B Silk Street Bitcoin theft sentenced to 1 yr in jail

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

In an April 14 announcement, the U.S. Justice Division stated James Zhong was sentenced to 1 yr and sooner or later 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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