DOJ Seizes $3.3B in Stolen Bitcoin Tied to Silk Road Case The seizure is related to the 2012 Silk Road dark web fraud investigation. By Orbit Brain November 8, 2022 0 202 views The case of a mysterious 2012 bitcoin heist is closed. The Division of Justice on Friday seized $3.36 billion in cryptocurrency from a Georgia man who pleaded responsible to wire fraud, the company mentioned Monday. He faces as much as 20 years in jail. Authorities say that James Zhong, 32, stole roughly 50,000 bitcoin from the Silk Street market in September 2012. Zhong was accused of establishing quite a few accounts on Silk Street, depositing small quantities of bitcoin, then executing a number of withdrawals in the identical second. This tricked the system into giving him considerably extra bitcoin than he deposited. He then transferred the bitcoin to a wide range of accounts in an try to hide his id and the supply of the cryptocurrency, in line with the US Lawyer’s Workplace for the Southern District of New York.IRS brokers issued a search warrant for his home in November 2021 and located the vast majority of the stolen bitcoin hidden in units in an underground ground protected, the Justice Division mentioned. There have been additionally massive quantities of bitcoin discovered on a single-board pc, which was found stashed underneath blankets in a popcorn tin saved in a toilet closet, it famous in a launch.Zhong started to cooperate with authorities this previous March, when he voluntarily surrendered over a thousand extra bitcoin. He’s scheduled to be sentenced on Feb. 22.Silk Street was a black market that functioned on the darkish internet from 2011 to 2013. Its founder, Ross Ulbricht, was convicted in 2015 of seven costs associated to the exercise of Silk Street. These included conspiracy to site visitors narcotics, cash laundering and conspiracy to commit pc hacking. He was sentenced to life in jail. Share this:FacebookXPrintEmailLinkedInRedditTwitterTumblrPinterestTelegramWhatsApp Orbit Brainhttps://orbitbrain.com/ Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy waysand much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.
You've Got Less Than a Week to Claim Money From T-Mobile's $350 Million Settlement Millions of T-Mobile customers are eligible for up to $100, but time is almost up.Introducing the Finance You've Got Less Than a Week to Claim Money From T-Mobile's $350 Million Settlement Millions of T-Mobile customers are eligible for up to $100, but time is almost up..... January 18, 2023 Finance
FAFSA Starts Today: Why You Should File for College Financial Aid Early File your FAFSA as soon as you can in order to qualify for the most financial aid possible.Introducing the Finance FAFSA Starts Today: Why You Should File for College Financial Aid Early File your FAFSA as soon as you can in order to qualify for the most financial aid possible..... October 2, 2022 Finance
Current Mortgage Interest Rates on Feb. 14, 2023: Rates Climb This week, a handful of notable mortgage rates inched up. If you're shopping for a home loan, see how your payments might be affected by inflation.Introducing the Finance Current Mortgage Interest Rates on Feb. 14, 2023: Rates Climb This week, a handful of notable mortgage rates inched up. If you're shopping for a home loan, see how your payments might be affected by inflation..... February 15, 2023 Finance
Child Tax Credit 2022: Could You Get $300 Per Child From Your State? If your state is sending additional child tax credit relief, you could be eligible for more money.Introducing the Finance Child Tax Credit 2022: Could You Get $300 Per Child From Your State? If your state is sending additional child tax credit relief, you could be eligible for more money..... July 13, 2022 Finance
Merrick Bank: 2023 Banking Review This online bank's certificates of deposit boast competitive APYs — but its list of banking offerings ends there.Introducing the Finance Merrick Bank: 2023 Banking Review This online bank's certificates of deposit boast competitive APYs — but its list of banking offerings ends there..... January 18, 2023 Finance
State Stimulus Checks 2022: These States Are Mailing out Payments This Week Find out if your state is issuing a tax rebate in October.Introducing the Finance State Stimulus Checks 2022: These States Are Mailing out Payments This Week Find out if your state is issuing a tax rebate in October..... October 8, 2022 Finance
Pantera Capital Plans $250M Solana (SOL) Buy, Analyst Predicts Record Rally Toward $1000March 8, 2024 75
Ethereum Blockchain Now Has A Modernized Version of Bitcoin (BTC) But With A Much Lower SupplyMarch 9, 2024 71