Nov. 8, 2022, midnight |

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This is the federal government’s second-largest seizure of cryptocurrency, following the $3.6 billion in stolen crypto linked to the 2016 hack of Bitfinex. According to a news release from the U.S. Attorney's Office, James Zhong of Gainesville, Georgia, pleaded guilty to theft of about $3.36 billion in bitcoin stolen via wire fraud from the Silk Road marketplace, which the FBI shut down in 2013 among controversies.

James came to a plea agreement with the prosecutors to forfeit 50,676.17851897 BTC in …

cryptocurrency silk road

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