Georgia Man Imprisoned for Defrauding Silk Road

A Georgia man who stole bitcoins worth billions of dollars from the now-defunct Silk Road dark web marketplace and stored it in a single-board computer hidden in a popcorn tin has been imprisoned.

James Zhong

According to a press release by the United States Attorney's Office for the Southern District of New York, 32-year-old James Zhong of Georgia stole approximately 50,000 bitcoin from Silk Road in 2012, by making multiple fraudulent withdrawals from the market.
Zhong reportedly executed the fraud …

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