this post was submitted on 18 Oct 2023
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The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion::CNBC obtained never-before-seen body camera footage that shows how investigators linked Jimmy Zhong to the Silk Road hack

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[–] Porka_911@sopuli.xyz 4 points 1 year ago (11 children)

Can someone summarise the story. God damn that was a long read and lost interest. What I gathered, Jimmy claimed a robbery of his bitcoins, who then transpired to be the robber?

[–] Wispy2891@lemmy.world 41 points 1 year ago (2 children)

He stole lots of Bitcoin by hacking silk road. One day someone stole a part of them (20 out of 50000) and he called the police which basically said though luck.

Meanwhile the us government was investigating on the theft and they noticed that he accidentally converted $800 from the stolen $3 billions using his real name.

They showed up at his home really friendly saying they're investigating about the Bitcoin theft and he opened everything. Unlocked his PC, showed them all the stash, then the liutenant specified which Bitcoin theft was investigating. Officers immediately placed a jigger on the unlocked PC to prevent automatic inactivity lock, guy was arrested.

Unfortunately the guy was one of the og Bitcoin devs in 2009 so he is filthy rich, got one year of prison for the crime of stealing those 3 billion dollars.

The us government said that anyone can ask back the stolen Bitcoin but nobody applied because those were dirty funds coming from the sales of drugs

[–] Porka_911@sopuli.xyz 1 points 1 year ago

Thank you 👍

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