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Silk Road user sentenced to prison in US over cryptocurrency fraud

( April 14, 2023, 23:29 GMT | Official Statement) -- MLex Summary: James Zhong, a user of Silk Road, was sentenced to one year and one day in prison for committing wire fraud in September 2012 when he unlawfully obtained about 50,000 Bitcoin from the dark web Internet marketplace. As part of the investigation, the government has obtained final orders of forfeiture for, among other items, 51,680.32473733 Bitcoin, valued at over $3.4 billion at the time of seizure and over $1.57 billion today.Statement follows below:...

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