Feds find Silk Road thief’s $1b+ Bitcoin stash in popcorn tin, hidden safe

A crook who stole more than 50,000 Bitcoins from the dark web souk Silk Road in 2012 has pleaded guilty and lost the lot, with a stretch behind bars likely ahead of him.  James Zhong, 32, admitted committing wire fraud in September 2012 by creating nine Silk Road accounts he used to trigger “over 140 transactions in rapid succession in order to trick Silk Road’s withdrawal-processing system,” the US Department of Justice said Monday.  That stunt, we’re told, netted Zhong “approximately 51,680.32473733 Bitcoins”, which was worth over $3.6 billion (£3.1 billion) when seized by Feds last year.

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