james zhong

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$3.36B in Bitcoin Hidden in Bathroom

The Department of Justice has found $3.36 billion of stolen money in a popcorn tin. But more than $2 billion of it no longer exists. It's not a case of corrupt law enforcement, but rather a spectacular example of the bizarre world of cryptocurrency. ... It raises head scratching questions about what money really is in 2022. The money was seized in a raid of the home of James Zhong. He's now admitted to stealing it in a hacking attack on the controversial online marketplace Silk Road. That's a site where goods and services, many of them illegal, were bought and sold using cryptocurrency. Bogus ... (view more)

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