Feds say they seized 50,000 stolen Bitcoin

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  • raiders72001
    Senior Member
    • 08-10-05
    • 11018

    #1
    Feds say they seized 50,000 stolen Bitcoin
    After a decade of hunting, the Justice Department has made its second-largest-ever seizure of cryptocurrency, confiscating more than 51,680 Bitcoin.


    The digital tokens were previously held by James Zhong, who has pled guilty to stealing them from the Silk Road, a once infamous dark web site that was known as the “Amazon of drugs” for its access to illegal drugs, weapons, and services. While there’s no love lost between law enforcement officials and that site, Zhong’s theft of the Bitcoin was no less criminal.
    https://fortune.com/2022/11/08/justi...d-popcorn-tin/
  • Myranda Jones
    SBR Sharp
    • 04-28-20
    • 264

    #2
    What Zhong and Silk Road did was criminal in many peoples eyes. But, if they simply used XMR Monero (the true crypto), the Feds, DOJ, or any other entity would be useless as they wouldn't have no digital fingerprints to trace to anybody.

    This is why Monero will always be King and Bitcoin is fools gold in my eyes. Saying that, Bitcoin will still skyrocket in value.
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