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US Attorney Seizes $3.6 Billion From Silk Road Dark Web Fraud – Second-Largest Crypto Seizure in History
The US Department of Justice (DOJ) has seized 50,676 BTC worth around $3.36 billion in its second-largest crypto seizure in history.
According to a press release by the Department of Justice, the billion-dollar seizure is from a man who “unlawfully obtained” the coins from the dark web market, Silk Road, over a decade ago. The report said James Zhong, who was accused of committing wire fraud in September 2012 when he unlawfully obtained over 50,000 BTC, pled guilty on Friday.