What sentence will the court hand down to the hacker who stole 50,000 #BTC ?
So, let's get started :
The U.S. Attorney's Office for the Southern District of New York announced the sentencing of James Zhong, who pleaded guilty to stealing 50,000 bitcoins (BTC) from the Silk Road #darknet marketplace. He will be sentenced to one year and one day in prison.
Well, that doesn't sound too harsh.
According to prosecutors, Jun stole #BTC back in 2012 and hid his crime for almost 10 years. In November 2021, law enforcement searched the house and seized about 50,676 bitcoins, nearly $700,000 in cash and precious metal bullion. The locked keys that gave them access to the cryptocurrency were stored in an underground safe and on a single-board #computer hidden in a popcorn can.
Hacker do right or no ?