Ten-year hunt leads to 50,000 stolen Bitcoin stored in a popcorn tin and underground safe

Share to friends
Listen to this article
Illustration of the Bitcoin symbol on a blue and orange polka dot background.
Nick Barclay / The Verge

The Department of Justice introduced it’s seized round 50,676 Bitcoin that a 32-year-old from Georgia fraudulently obtained from The Silk Road — a site on the dark web as soon as referred to as “the Amazon of drugs” — in 2012. After seemingly tipping authorities off to his massive cache of Bitcoin a few years in the past, James Zhong pleaded responsible to the crime on Friday after authorities discovered the Bitcoin stored in an underground safe and on a “single-board computer” hidden in a popcorn tin in a toilet closet, in accordance to a press release from the DOJ.

The authorities seized the Bitcoin on November ninth, 2021, and says that it was price over $3.36 billion on the time. Since then, the worth has dropped precipitously; it’s now price simply over $1 billion….

Continue reading…

Go to Source