Over $1B worth of stolen Bitcoin found in popcorn tin

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Over $1B worth of stolen Bitcoin found in popcorn tin
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  • 📰 pcgamer
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Good idea to check your popcorn tins I guess.

Zhong committed the crime back in September 2012, when he set up multiple accounts on the website and deposited small amounts of Bitcoin. He then used the exploit to withdraw large sums of Bitcoin quickly from the website. These were then apparently stored in weird places around his home on devices and drives, alongside over $600,000 USD worth of cold hard cash.

For many years the over 50,000 Bitcoin stolen had seemed to just disappear into the ether. While it may only be worth about $1.1bn USD now as opposed to $3.36, that's still a huge chunk of crypto to just stop existing for nearly ten years, which became a bit of a mystery. While the authorities aren't revealing exactly how they found the money, it's said that cryptocurrency tracking techniques were used to track down the haul. While it might have taken ten years to get to the bottom of it, seeing that money recovered might be a bit of a wake up call for other crypto criminals out there. Especially with Zhong looking to face up to 20 years in prison for his crime.

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pcgamer /  🏆 38. in UK

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