PANews reported on April 15 that according to The Block, Silk Road dark web hacker James Zhong used nine accounts to conduct fast transactions, deceived Silk Road's withdrawal processing system, and stole more than 50,000 bitcoins from the site. He pleaded guilty to one count of wire fraud and was sentenced to one year and one day in prison. It is reported that the incident occurred between 2011 and 2013, when the price of Bitcoin was much lower. At the end of 2013, the price of Bitcoin was less than $800, far lower than the current market price of about $30,000. The authorities raided Zhong's home on November 9, 2021, when the price of Bitcoin was close to its historical high of $69,000. When federal authorities took control of these bitcoins, their total value had reached $3.4 billion. Even when Zhong was sentenced recently, the value of these assets was still more than $1.57 billion. According to the U.S. Department of Justice, Zhong once deposited 500 bitcoins into a wallet and initiated five withdrawals within five seconds, using a loophole in the Silk Road payment system to turn his initial deposit into 2,500 bitcoins.