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The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion (www.cnbc.com)

submitted 11 months ago by [email protected] to c/[email protected]

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The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion::CNBC obtained never-before-seen body camera footage that shows how investigators linked Jimmy Zhong to the Silk Road hack

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[–] [email protected] 41 points 11 months ago (2 children)

He stole lots of Bitcoin by hacking silk road. One day someone stole a part of them (20 out of 50000) and he called the police which basically said though luck.

Meanwhile the us government was investigating on the theft and they noticed that he accidentally converted $800 from the stolen $3 billions using his real name.

They showed up at his home really friendly saying they're investigating about the Bitcoin theft and he opened everything. Unlocked his PC, showed them all the stash, then the liutenant specified which Bitcoin theft was investigating. Officers immediately placed a jigger on the unlocked PC to prevent automatic inactivity lock, guy was arrested.

Unfortunately the guy was one of the og Bitcoin devs in 2009 so he is filthy rich, got one year of prison for the crime of stealing those 3 billion dollars.

The us government said that anyone can ask back the stolen Bitcoin but nobody applied because those were dirty funds coming from the sales of drugs

[–] [email protected] 5 points 11 months ago

An odd part of this story is that he hired a PI to figure out who stole Bitcoin from him. The PI figured out who it likely was and told Jimmy, he refused to believe it because he was friends with the thief.

He just wanted to feel loved and have friends but they were all only there for the money and stuff he bought for them.

[–] [email protected] 1 points 11 months ago

Thank you 👍