Particular person behind $3.4B Silk Street Bitcoin theft sentenced to at least one yr in jail

The US Lawyer’s Workplace for the Southern District of New York has introduced the sentencing for a person who pleaded responsible to wire fraud fees 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 at least one yr and in the future in jail for fees associated to executing a scheme to steal greater than 51,680 Bitcoin (BTC). Zhong pleaded responsible to the costs in November 2022 and had been awaiting sentencing.

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