Man gets prison time after feds discover $3.4 billion in stolen Bitcoin hidden inside a Cheetos popcorn tin and underground safe

James Zhong was sentenced to a year in prison after US authorities accused him of stealing around 50,000 Bitcoin from the Silk Road marketplace.

Highlights

James Zhong, 32, stole 50,000 Bitcoin from Silk Road, a marketplace on the so-called “dark web” He was sentenced Friday to a year and a day in prison.
At the time the Bitcoin was seized, it was valued at $3.4 billion and today is still worth more than $1.5 billion.
Authorities also recovered at Zhong’s home in Gainesville, Georgia, $660,000 in cash, as well as silver and gold bars.
The tin originally contained Cheetos-brand popcorn in both Flamin’ Hot and Cheddar flavors, which was available exclusively at Walmart during the 2020 holiday season.

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