In 2012, James Zhong hacked the withdrawal processing system of the darknet marketplace Silk Road and transferred more than 51,000 #BTC to his accounts. Despite law enforcement's close attention to the details and persons involved in the Silk Road case, Zhong was able to hide his crime for ten years and only pleaded guilty in November 2022.
During a search of Zhong's home in November 2021, approximately 50,676 BTC, which at that time was valued at $3.36 billion, was seized. This confiscation was the second largest in the history of the US Department of Justice. The court sentenced Zhong to one year and one day in prison for wire fraud, hacking and robbery of the "shadow" trading platform Silk Road.
