US authorities seized the $BTC holdings in November 2021, finding the bulk of the crypto in a floor safe and a computer hidden in a popcorn tin.
“Cyber-criminals should heed this message: we will follow the money and hold you accountable, no matter how sophisticated your scheme and no matter how long it takes,” said U.S. Attorney Damian Williams.
According to Williams, Zhong stole the BTC in 2012 and managed to conceal his crime for roughly 10 years before facing charges. U.S. authorities seized the Bitcoin holdings from Zhong’s home in the state of Georgia in November 2021, finding the bulk of the crypto in a floor safe and a computer concealed in a popcorn tin. The coins were worth roughly $3.4 billion at the time.
In the U.S. Attorney's sentencing memo for Silk Road Bitcoin stealer James Zhong: investigators seized criminal proceeds from "a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet." .
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