COURT CONVICTS USD3.36 BILLION DARK WEB SCAM CRYPTO FRAUDSTER WHO HID BITCOIN IN BATHROOM

The crypto fraudster behind a massive Bitcoin fraud using the notorious former online darknet black market Silk Road, used by drug dealers and other criminals, has been convicted after pleading guilty on November 4 in a New York court. US citizen James Zhong admitted wire fraud when he unlawfully obtained over 50,000 Bitcoin from the Silk Road marketplace in September 2012, one year before it was shut down by US authorities. Zhong had used a string of nine fraudulent accounts to conceal his identity then triggered over 140 transactions in rapid succession to ...


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