Back in 2012, there was this guy, Jimmy Zhong, who pulled off one of the most audacious heists in the history of cryptocurrency. Imagine this: he found a glitch on the Silk Road, a dark web marketplace that was the wild west of online crime. This wasn’t just any glitch; it was like finding a golden ticket in a chocolate bar.
Jimmy exploited this loophole, not by accident but with precision. He noticed you could hit the withdrawal button over and over, and each time, he’d get more bitcoins than he put in. It was like a digital ATM that spat out free money. He drained 51,860 bitcoins, which was worth about $700k at the time but ballooned to $3.3 billion over the years.
For nearly a decade, Jimmy lived like a king, evading the law. He laundered those bitcoins through crypto mixers, making the trail as confusing as a maze. With his newfound wealth, he splashed out on luxury, living the dream. Fancy hotels, shopping sprees at Gucci and Louis Vuitton, and even a lakeside house with boats and jet skis. He was untouchable, or so he thought.
He flew his friends out on private jets to watch football games, handing out $10k shopping sprees like they were candy. Life was good, until one day in 2019, when his house got robbed. $400k in cash and 150 bitcoins were stolen. Jimmy, in panic, called the cops. This was his first mistake; it put him on their radar.
But the real blunder came when he mixed $800 from the stolen money with his own on a KYC exchange. It was like leaving a breadcrumb trail right to his door. The authorities didn’t waste time. In 2021, they raided his place, finding 50,676 bitcoins hidden in a computer inside a Cheetos popcorn tin. Yes, you heard right, a Cheetos tin.
Along with the bitcoins, they found $660k in cash, silver, and gold bars. Jimmy was arrested, and his empire crumbled. He got sentenced to a year in prison, a small price for the fortune he once had.
This story isn’t about winning; it’s about the fall from grace, about how one tiny mistake can unravel years of evasion. Jimmy Zhong’s tale is a stark reminder in the world of crypto: privacy is king, and mistakes are costly

29,000 acres destroyed
- 57 billion in economic damage
- 180,000 people evacuated

Here’s EVERYTHING you need to know about the fire:

Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn

1. The fire is the size of the entire city of San Francisco.
Covering ~45 square miles or 29,000 acres.

2. The estimated damages are upwards of $57B.

It is estimated to be the 7th most expensive natural disaster in US history.

3. The latest response deployment numbers from Governor Newsom:

🧑‍🚒 7,500+ Personnel
🚒 1,162 Fire Engines
💧 23 Water Tenders
✈️ 6 Air Tankers
🚁 31 Helicopters
🚜 53 Dozers
4. 180,000 people have been ordered to evacuate.

200,000 are under evacuation warnings.

With 7 confirmed deaths, which is likely to increase.
5. There are 16 investigators looking into the cause of the fire.

At least 23 people have been arrested for looting homes in evacuation zones.

"Some 95% of wildfires in LA are started by humans."- Fire Chief David Acuna.
6. The fire will lead to air pollution that will remain for weeks.

Breathing this smoke can kill you.

It has been shown to increase risk of lung disease, heart disease & dementia.