What a crazy story.  if it ends up being a 2-year sentence, do you think it was worth it for Mr. Zhong?

The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity

What a crazy story.  if it ends up being a 2-year sentence, do you think it was worth it for Mr. Zhong? The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity Federal authorities are making arrests and seizing funds with the help of new tools to identify criminals through cryptocurrency transactions. https://www.wsj.com/articles/bitcoin-blockchain-hacking-arrests-93a4cb29?mod=tech_lead_pos5&utm_content=article-10282&utm_source=sg&utm_medium=email&utm_campaign=article_email

Sam Mendoza

James Zhong, who stole 50K Bitcoin off of the Silk Road in 2012, was sentenced to one year in jail after pleading guilty to wire fraud; Zhong spent ~$16M of the stolen funds on real estate, nightclubs, and Lamborghinis; the current value of the seized Bitcoin is ~$1.56B 

^^if he gets to keep any of that…worth it! 

https://www.bloomberg.com/news/articles/2023-04-14/bitcoin-thief-once-worth-3-4-billion-gets-a-year-in-prison?utm_source=substack&utm_medium=email

James Zhong, who stole 50K Bitcoin off of the Silk Road in 2012, was sentenced to one year in jail after pleading guilty to wire fraud; Zhong spent ~$16M of the stolen funds on real estate, nightclubs, and Lamborghinis; the current value of the seized Bitcoin is ~$1.56B   ^^if he gets to keep any of that…worth it!   https://www.bloomberg.com/news/articles/2023-04-14/bitcoin-thief-once-worth-3-4-billion-gets-a-year-in-prison?utm_source=substack&utm_medium=email

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Bloomberg - Are you a robot?

Mr. Zhong on his desire to have a briefcase full of cash:

“He hoped the visual appeal of the cash would impress a female into having sexual relations with him. He stated his plan did not work.” 

Maybe not worth it then? 🫠

Mr. Zhong on his desire to have a briefcase full of cash:  “He hoped the visual appeal of the cash would impress a female into having sexual relations with him. He stated his plan did not work.”   Maybe not worth it then? 🫠

Sam Mendoza

A group of likeminded people in Crypto are talking about this.