On monday, the us department of justice announced that a georgia man named james zhong has pleaded guilty to wire fraud nine years after stealing more than 50,000 bitcoins from the silk road.United states district judge paul g.
Zhong has now pled guilty to unlawfully obtaining that bitcoin from the silk road dark web in 2012 damian williams, the united states attorney for the southern district of new york, and tyler hatcher, the special agent in charge of.[2] value as of 2023 approximately $3.4 billion [3]) from the online black market silk road between 2012 and 2014.Facing 20 years in prison, zhong will be sentenced on feb.
James zhong, 32, of gainesville, pleaded guilty on november 4 to committing wire fraud in september 2012, which carries a maximum sentence of 20 years in prison.[4] zhong, who was closely monitoring the early development of bitcoin, [5] had found.
Damian williams, the united states attorney for the southern district of new york, announced that james zhong was sentenced today to one year and one day in prison for committing wire fraud in september 2012 when he unlawfully obtained approximaely 50,000 bitcoin from the silk road dark web internet marketplace.