EUR/USD 1.14153
-0.125%
Gold 4108.33
-0.370%
Oil 71.472
-0.264%
USD/JPY 161.729
-0.397%
GBP/USD 1.33978
-0.077%
GBP/JPY 216.686
-0.473%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 12th - On Saturday evening local time, despite Trumps refusal to sign it, the landmark bipartisan housing bill automatically went into effect, prompting celebrations from several members of the House and Senate. The Path to a Better Home Act aims to expand housing supply, increase homeownership rates, alleviate the housing shortage crisis in the United States, and improve housing affordability through measures such as relaxing regulations on residential construction and restricting Wall Street firms from acquiring ordinary homes.The China Earthquake Networks Center officially measured a 3.8-magnitude earthquake in Arong Banner, Hulunbuir City, Inner Mongolia, at 05:09 on July 12, with a focal depth of 10 kilometers.According to an Elabe poll for BFM, Marine Le Pen, the far-right National Rally candidate, is expected to receive 34% to 35.5% of the vote if the first round of voting is held this Sunday.The National Press Club of America has called on the U.S. Department of Justice to immediately withdraw the subpoena for the New York Times reporter.On July 12th, Meta announced that earlier this week, users could generate images in Meta AI by mentioning public Instagram accounts they wanted to reference. This feature, which allowed referencing public content by default, drew criticism from organizations such as the Screen Actors Guild, who argued it could infringe on portrait rights and pose criminal risks. Meta stated that its initial intention was to provide a practical creative tool and allow users to control whether their public content was allowed to be referenced in this way, but after receiving user feedback that the feature failed to achieve its intended effect, it has been removed.

U.S. lays claim to $1 billion in stolen Silk Road Bitcoin

Skylar Shaw

Nov 08, 2022 16:31

微信截图_20221108141737.png


Federal prosecutors in Manhattan said on Monday that the US is requesting the seizure of more than $1 billion in Bitcoin that was seized from the Silk Road internet bazaar.


Internal Revenue Service (IRS) officials found the 50,000 Bitcoin during a search of the defendant James Zhong's Gainesville, Georgia, residence in November 2021, making it the second-largest seizure in US Department of Justice history.


For fooling Silk Road's processing system into disbursing the payments to his accounts in 2012, Zhong, 32, pleaded guilty to wire fraud on Friday.


The Bitcoin was worth more than $3 billion when it was confiscated. Since then, it has lost around two thirds of its worth.


According to an affidavit signed by IRS special agent Trevor McAleenan, some of the stolen Bitcoin was discovered on a computer inside a popcorn container kept in a bathroom closet.


According to U.S. Attorney Damian Williams in Manhattan, "for almost ten years, the whereabouts of this large chunk of missing Bitcoin had inflated into an over $3.3 billion mystery." "We won't give up looking for the money... even to a circuit board in a popcorn tin's base.


In 2013, the U.S. government shut down Silk Road, citing it as a sizable marketplace for illegal drugs and money laundering.


Ross Ulbricht, the man of Silk Road, was found guilty on seven charges of facilitating the sale of illegal drugs using bitcoin in 2015. He was given a life sentence and lost his 2017 appeal.


At his sentencing on February 22, 2023 before U.S. District Judge Paul Gardephe, Zhong might receive a sentence of 27 to 33 months in prison, although the prosecution may ask for a longer term.


In addition, the defendant consented to give up $661,900 in addition to other assets and his share of a real estate business.


According to Michael Bachner, his attorney, Zhong has "nearly" returned every bitcoin.


In a statement, Bachner stated that Zhong was "very sorry" for his actions, which took place more than 10 years ago when he was only 22.

Suggestion