Department of Justice Seizes $3.36 Billion Cryptocurrency in Historic Conviction

Summary by Ground News

The U.S. Department of Justice on Monday announced that law enforcement seized $3.36 billion of bitcoin from a man who “unlawfully obtained” more than 50,000 bitcoin from dark-web market Silk Road over a decade ago.

Published 3 months ago

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Reuters

U.S. lays claim to $1 billion in stolen Silk Road Bitcoin

The United States is seeking the forfeiture of more than $1 billion in Bitcoin stolen from the Silk Road online marketplace, federal prosecutors in Manhattan said on Monday.

3 months ago·United Kingdom

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The Washington Post

Justice Department announces seizure of $3.4 billion in stolen bitcoin

The digital assets were stolen a decade ago from dark web marketplace Silk Road. It's the United States' largest-ever crypto seizure.

3 months ago·Washington, United States

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CNBC

Feds announce $3.36 billion seizure of bitcoin, the second-largest recovery of crypto so far

James Zhong pleaded guilty on Friday to stealing $3.36 billion in bitcoin from the illegal Silk Road marketplace.

3 months ago·United States

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c|net

DOJ Seizes $3.3B in Stolen Bitcoin Tied to Silk Road Case

The seizure is related to the 2012 Silk Road dark web fraud investigation.

3 months ago·New York, United States

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Washington Examiner

DOJ grabs $3.36B in bitcoin hidden in popcorn tin of Silk Road thief

The Department of Justice announced it seized more than $3 billion worth of bitcoin from a man who stole it from the dark web’s Silk Road more than a decade ago.

3 months ago·Washington, United States

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