Department of Justice Seizes $3.36 Billion Cryptocurrency in Historic Conviction

Feds Announce Seizure of $3.36 Billion in Stolen Bitcoin

The United States Department of Justice has announced the seizure of over $1 billion in stolen bitcoin. The DOJ announced on Nov. 7, that it had earlier seized the stolen bitcoin on Nov. 9 2021, after an unannounced IRS raid on the Gainesville, Ga. home of James Zhong, a 32-year-old investor. Federal authorities took 50,676 in bitcoin from Zhong’s residence, which was once valued at over $3.36 billion at the time of the theft. Bitcoin has since …

US seizes $3.4 billion in bitcoin stolen from Silk Road<br/>

James Zhong, 32, unlawfully obtained more than 50,000 bitcoin in 2012

US seizes $3.4 bn in bitcoin stolen from Silk Road

James Zhong pleaded guilty Friday to committing wire fraud in September 2012 ago when he unlawfully obtained more than 50,000 bitcoin.

US seizes $3.4 bn in bitcoin stolen from Silk Road

NEW YORK - The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago.

US seizes $3.4 billion in bitcoin stolen from dark web marketplace Silk Road

The latest operation marks the Justice Department’s second-largest crypto seizure.

The Justice Department said that it seized $3.4 billion in bitcoin stolen a decade ago through the 'Silk Road' dark web

The Justice Department said Monday that it seized the bitcoin from a 32-year-old man in Georgia who had used the dark web to defraud holders.