The College Kid Who Hacked $3.4 Billion in Bitcoin ! #shorts #hacked #bitcoin #crypto
In 2012, college student Jimmy Zhong discovered a bug in Silk Road, a dark web marketplace. With fake accounts and quick withdrawals, he quietly stole over 50,000 Bitcoin, worth just a few dollars each at the time.
As Bitcoin’s value soared, so did his fortune, reaching $3.4 billion. He lived a low-key life, splurging on luxury items without drawing attention. But in 2019, a mistake reporting a crypto theft triggered an investigation.
In 2021, federal agents raided his home and found Bitcoin hidden in a popcorn tin. Zhong pled guilty to wire fraud and served just one year in prison.
A cautionary tale in the world of crypto.
Source:-
Reports on The Verge, crypto news sites.
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