Jimmy Zhong

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James "Jimmy" Zhong (born May 24, 1990) is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2026 approximately $3.36 billion, all time high $6.53 billion) from the online black market Silk Road between 2012 and 2014. Zhong, who was closely monitoring the early development of bitcoin, had found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double-clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. Zhong told friends that he had mined thousands of bitcoin in the technology's early days. Zhong initially got involved with Silk Road as an avid cocaine user. In 2016, Zhong was arrested in downtown Athens, Georgia...

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