 | I mapped the James Zhong seizure. 2012 he exploited Silk Road’s payment system and walked off with ~50k BTC. Then he sat on it for almost a decade. November 2021, IRS-CI hits his Gainesville house and pulls ~50,491 BTC (~$3.36B at the time) off devices in a floor safe… and a single-board computer stuffed under blankets inside a popcorn tin in a bathroom closet. Also in the house: $661k cash and 25 Casascius coins (1 BTC equivalent each). The on-chain part is what got him. Years later he mixed a Silk Road-linked address into a spend with a wallet that already had his name on it. One clustered transaction. That’s the whole movie. I traced the consolidation into the seizure wallets. Watching billions sit still for years and then dump into one place is insane. Moral of the story: you can outrun Silk Road. You cannot outrun a popcorn tin. ???? What do you guys think? [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments