Cryptocurrency Analysis and News Portal
“The government has certainly not been hurt by Jimmy’s conduct whatsoever,” Zhong’s attorney Michael Bachner told CNBC. He noted that if the government had gotten its hands on those 50,000 bitcoins at the time of Silk Road operator Ross Ulbricht’s arrest, it would have sold them for about $320 per
Read More
In 2012, a staggering 50,000 Bitcoin (BTC) were stolen from the infamous Silk Road, an illicit dark web marketplace. Over the years,
Read More
The founder of one of the largest darknet platforms, Silk Road, Ross Ulbricht, has spent 10 years behind bars. On Monday, Oct. 2, Ulbricht published a post in which he shared that today marks his tenth year in prison. He now fears he will spend the rest of his life “behind
Read More
Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life
Read More
The founder of the former online black market Silk Road, Ross Ulbricht, marked 10 years behind bars after he was given a double life sentence by United States authorities in 2013. On Oct. 2 Ulbricht posted on X that he has already spent a full decade in prison and fears he
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Nearly 10,000 bitcoin (BTC), traced back to the darknet marketplace Silk Road, are seemingly on the move as per two as-yet-unconfirmed transactions. This would mark the most significant shift of Silk Road-related funds in recent months. Silk
Read More
A cryptocurrency wallet associated with the United States Department of Justice moved approximately 9,825.25 BTC worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange
Read More
A wallet tagged as belonging to the U.S. government has moved over $300 million worth of bitcoin (BTC) in three separate transactions. Source
Read More
Where would you hide $3.4 billion worth of Bitcoin? For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in a
Read More
The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.In an April 14 announcement, the U.S. Justice Department said James Zhong was
Read More