US Attorney Announces $3.4B Crypto Seizure Related to Silk Road

Damian Williams, the United States Attorney for the Southern District of New York, has announced the seizure of $3.36 billion of bitcoin related to Silk Road, a darkweb marketplace.

  • James Zhong pled guilty to committing wire fraud in 2012 after he illegally obtained 50,000 bitcoin, according to the statement.