The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud (Oliver Knight/CoinDesk)


Oliver Knight / CoinDesk:

The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud  —  The bitcoins, obtained in in 2012, were valued at $3.36 billion when discovered in November; now they’re worth $1.04 billion.

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