He stole 50,000 bitcoins and disappeared for a whole decade.
Living like a king, no one noticed. Until he made a careless mistake—transferring a mere $300 worth of bitcoin to his real-name account, and everything was over.
This man is called Jimmy Zhong,
one of the most legendary and absurd figures in the cryptocurrency world.
🥶🥶The story begins with Silk Road.
Back then, he discovered a loophole in the platform's withdrawal system; as long as he caught the time difference, he could withdraw multiple times before the account was updated. He repeatedly exploited this, stealing 50,000 BTC in just a few months. At that time, it was only worth $600,000, but now it’s an astronomical figure.
In 2013, the FBI shut down Silk Road and the founder was arrested, but Jimmy completely disappeared—no one knew who he was. Until bitcoin surged to sky-high prices, he had become a hidden billionaire.
👍This guy lived a life comparable to a movie:
Driving luxury cars, living in big villas, engaging in money laundering, and running several shell companies. As a result, in 2022, he made a rookie mistake by transferring $300 worth of BTC into his own Coinbase real-name account.
The Coinbase system immediately alerted the authorities, and the IRS traced back the Silk Road address from ten years ago, all clues pointing to—Jimmy Zhong.
In 2021, the FBI raided his home,
searching from floor safes and popcorn buckets:
50,676 BTC, a pile of gold bars, and several computers hiding wallets.
👏Thus, the largest cryptocurrency seizure case in American history was born.
And the most ridiculous part is, he was sentenced to only 366 days. Ten years, $3.3 billion, a $300 mistake. He became a legend through exploiting loopholes and was personally sent to prison by on-chain data.
This incident tells us an old saying—blockchain can make you rich, but it can also leave you nowhere to hide. And I, as a retail investor, can only honestly work my $SERAPH , what does it matter if there’s one more rich person in the world 🤧🤧
