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.
Along with recovering all that Bitcoin from Zhong, the DoJ said it also seized 25 physical Casascius coins worth 174 Bitcoin, around $661,900 in cash, some bars of precious metals, as well as Zhong's 80 percent holding in a real estate company called RE&D Investments. Zhong, of Gainesville, Georgia, and Athens, Georgia, pleaded guilty last week to the wire fraud charge, which carries a maximum penalty of 20 years in prison. His sentencing is scheduled for February next year.
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