The full story of a man named Jimmy Zhu who stole over 51,680 Bitcoins from the illegal darknet market Silk Road has been revealed.

In 2012, Zhong discovered a bug on Silk Road that caused him to withdraw more funds than he originally deposited.

Over the years, the value of stolen Bitcoins has skyrocketed to more than $3 billion. However, he made a small mistake and transferred approximately $800 in funds to a cryptocurrency exchange to go through a KYC process that required the account holder's real name and address.

Along with other evidence, three IRS agents began formulating a plan to approach Chung. Eventually, they obtained a search warrant for Zhong's home, and sniffer dogs found a safe buried in concrete beneath the basement slabs containing precious metals, stacks of cash, physical bitcoins minted in the early days of the cryptocurrency and a safe with password wallet. . Bitcoin during the Silk Road hack of 2012. Chung ultimately faced charges of wire fraud and, after pleading guilty, was sentenced to one year and one day in federal prison. Additionally, the stolen assets were seized by the United States government.

Chung turned out to be one of the first OG players in the Bitcoin community, contributing to the original Bitcoin code and providing early developers with ideas on key topics, such as how to reduce the size of the blockchain. Eventually, he changed his path and became one of the biggest Bitcoin thieves of all time.

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