US Court Documents


A recent development in the digital currency space has seen U.S. court documents reveal that James Zhong used fraudulent accounts in 2012 to steal over 50,000 bitcoins from Silk Road. This discovery has led to a significant victory for law enforcement officials, who were able to search Zhong’s home in 2021 and seize most of the stolen bitcoins. As a result of the successful seizure, the U.S. Government was able to sell 9,800 bitcoins on…