According to U.S. prosecutors, 32-year-old James Zhong tricked Silk Road’s processing system into releasing the funds into his accounts in 2012.
At the time, the bitcoin were worth more than $3 billion. Since then, the value has dropped by about two-thirds.
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According to court documents, Zhong was hiding the billion dollars’ worth of stolen bitcoin on a computer, which was stored inside a popcorn tin in his bathroom closet.
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