US Department of Justicenamed in the Silk Road accusations James Zhong‘Fame announced that he was sentenced to one year in prison.
The legal processes of the crypto industry’s biggest and most complex fraud are still ongoing. Silk Road fraud, which has been on the agenda for years, is being investigated in detail by the USA. Recently, the USA announced that it would sell the Bitcoins (BTC) seized in the Silk Road case piecemeal.
Finally, the US Department of Justice, associated with Silk Road processes, James Zhong sentenced him to one year in prison. The reason behind this penalty, Zhong admitted to the charges brought against him.
Silk Road Processes Continue
The U.S. Department of Justice, in the Silk Road case, more than 51,680On the grounds that he had a share in the theft of Bitcoin (BTC) one year prison sentence announced that he had zhong, He admitted to the charges in November last year.
US Attorney on the subject Damian Williams, “Cybercriminals must heed this message: no matter how complex your plan is and how long it takes, we will follow up the money and hold you accountable.”said.
Prosecutor WilliamsAccording to Zhong, BTCs stole in 2012 and managed to hide it for exactly 10 years. US authorities seized the BTCs held by Zhong in 2021. The current value of BTCs was around $3.4 billion.
