[ad_1] <br><div><figure class="caas-figure"><div class="caas-figure-with-pb" style="max-height: 529px"><div><div class="caas-img-container" style="padding-bottom:75%;"><img class="caas-img has-preview" alt="The US Department of Justice seized 50,676 bitcoins fraudulently obtained from dark web site Silk Road (US DOJ)" src="https://s.yimg.com/ny/api/res/1.2/rqe5ogSv4d6fBBdP1zIK7A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOQ--/https://media.zenfs.com/en/the_independent_635/5d40f259afca86c103952a3198d8250f"/></div></div></div><p><figcaption class="caption-collapse">The US Division of Justice seized 50,676 bitcoins fraudulently obtained from darkish website online Silk Street (US DOJ)</figcaption></p></figure><p>An enormous stash of cryptocurrency has been found in a popcorn tin following a raid by the US Division of Justice.</p><p>Over 50,676 bitcoins, price round $3.36 billion on the time of discovery, had been hidden on varied gadgets discovered inside the residence of a hacker who had stolen them from the darkish net market Silk Street.</p><p>James Zhong, 32, pled responsible final week to committing wire fraud in September 2012, having exploited a loophole within the web site’s fee construction.</p><p>Legislation enforcement brokers discovered the stolen crypto practically a decade afterward arduous drives and USB sticks in Mr Zhong’s residence.</p><p>Based on a press launch from the DOJ, the cryptocurrency was positioned “in an underground flooring protected; and on a single-board pc that was submerged underneath blankets in a popcorn tin saved in a rest room closet”.</p><p>The DOJ stated it was the second largest monetary seizure in historical past.</p><p>“For nearly ten years, the whereabouts of this large chunk of lacking bitcoin had ballooned into an over $3.3 billion thriller,” stated US Lawyer Damian Williams.</p><p>“Due to state-of-the-art cryptocurrency tracing and good old school police work, regulation enforcement positioned and recovered this spectacular cache of felony proceeds.</p><p>“This case exhibits that we gained’t cease following the cash, irrespective of how expertly hidden, even to a circuit board within the backside of a popcorn tin.”</p><p>Mr Zhong has since voluntarily surrendered further bitcoin obtained by way of Silk Street in 2012.</p><p>Silk Street is not in operation, having been shut down in 2013 after rising in recognition to turn into the world’s largest on-line market for unlawful medication and illicit items.</p><p>Silk Street founder Ross Ulbricht is at present serving a life sentence in federal jail.</p><p>Mr Zhong faces a most sentence of 20 years in jail. He's scheduled to be sentenced on 22 February, 2023.</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiP2h0dHBzOi8vbmV3cy55YWhvby5jb20vYml0Y29pbi13b3J0aC0zLTMtYmlsbGlvbi0xNjI3NDg3OTAuaHRtbNIBR2h0dHBzOi8vbmV3cy55YWhvby5jb20vYW1waHRtbC9iaXRjb2luLXdvcnRoLTMtMy1iaWxsaW9uLTE2Mjc0ODc5MC5odG1s?oc=5">Source link </a>