The hacker received one year prison for theft more 51 000 BTC с Silk Road – Bits Media

The Court of the Southern District of New York sentenced James Zhong by one year and one day of imprisonment for criminal actions, related to theft more 51 000 BTC with the "shadow" trading platform Silk Road.

IN 2012 year James Zhong (James Zhong) hacking the output processing system Silk Road funds and transferred more to his accounts 50 000 Vts. Despite the close attention of law enforcement agencies to the details and defendants of the Silk Road case, Zhong was able to hide his crime for ten years and pleaded guilty only in November 2022 years.

During the search of the House of Zhun in November 2021 the year was seized approximately 50 676 BTC, which at that time were evaluated in $3.36 billion. This confiscation has become the second largest in the history of the US Ministry of Justice. The court sentenced Zhong to one year and one day of prison for fraud using electronic communications, hacking and robbery of the "shadow" trading platform Silk Road.

“Cybercriminals should hear, that we will monitor all thefts of crypto assets and hold them accountable, no matter, how difficult the scheme is and how long the investigation will take. Zhong used decentralized mixers, Foreign cryptocurrency exchanges and an impressive set of technological tools, to prevent the efforts of law enforcement agencies. Nonetheless, The federal government revealed the crime of Zhong and confiscated 51 680 VTS », - said the US prosecutor Damian Williams in the final speech at the court (Damian Williams).

Earlier, the US government notified the public of the intention to sell more 51 000 BTC, confiscated at Zhong, against the backdrop of a global banking crisis.