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in Tech

Feds announce seizure of $3.36 billion in bitcoin stolen a decade ago from illegal Silk Road marketplace—the second-largest crypto recovery

by Editor November 8, 2022, 6:06 am 1.7k Views

The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak.

Jonathan Raa | Nurphoto | Getty Images

The U.S. Department of Justice announced Monday that it seized about

during a previously unannounced 2021 raid on the residence of James Zhong.

Zhong pleaded guilty Friday to one count of wire fraud, which carries a maximum sentence of 20 years in prison.

U.S. authorities…

Posted by Editor