{"id":34457,"date":"2022-11-08T02:30:22","date_gmt":"2022-11-08T02:30:22","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34457"},"modified":"2022-11-08T02:30:22","modified_gmt":"2022-11-08T02:30:22","slug":"justice-department-seizes-3-4-billion-in-stolen-bitcoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34457","title":{"rendered":"Justice Department seizes $3.4 billion in stolen bitcoin"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div style=\"font-size: 18px\">\n<p>The Justice Department recovered nearly $3.4 billion worth of bitcoin that a Georgia real estate developer stole a decade ago from the dark web marketplace Silk Road, the department announced Monday.<\/p>\n<p>James Zhong, the 32-year-old behind the theft, pleaded guilty Friday to a single count of wire fraud. Federal agents tracked down the stolen digital loot a year ago, when they searched Zhong\u2019s house in Gainesville, Ga., and found devices storing the bitcoin in an underground floor safe and under blankets in a popcorn tin stashed in his bathroom closet, prosecutors said in an affidavit.<\/p>\n<p>\u201cThanks to state-of-the-art cryptocurrency tracing and good old-fashioned police work, law enforcement located and recovered this impressive cache of crime proceeds,\u201d Damian Williams, the U.S. Attorney for the Southern District of New York, said in a statement. \u201cThis case shows that we won\u2019t stop following the money, no matter how expertly hidden, even to a circuit board in the bottom of a popcorn tin.\u201d<\/p>\n<p>The action ranks as the department\u2019s second-largest crypto seizure ever, according to the department.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiYWh0dHBzOi8vd3d3LnNwb2tlc21hbi5jb20vc3Rvcmllcy8yMDIyL25vdi8wNy9qdXN0aWNlLWRlcGFydG1lbnQtc2VpemVzLTM0LWJpbGxpb24taW4tc3RvbGVuLWJpdC_SAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Justice Department recovered nearly $3.4 billion worth of bitcoin that a Georgia real estate developer stole a decade ago from the dark web marketplace Silk Road, the department announced Monday. James Zhong, the 32-year-old behind the theft, pleaded guilty Friday to a single count of wire fraud. Federal agents tracked down the stolen digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[1065,50,2880,5238,2931,959],"class_list":["post-34457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-billion","tag-bitcoin","tag-department","tag-justice","tag-seizes","tag-stolen"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/sr_placeholder.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34457"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34457\/revisions"}],"predecessor-version":[{"id":34459,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34457\/revisions\/34459"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34458"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34457"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}