How much was a stolen bitcoin worth?

The recovered bitcoins were valued at over $3.6 billion at the time of seizure. At the time they were stolen, they were worth $71 million. The Justice Department said Tuesday it has seized more than $3.6 billion in cryptocurrency and arrested two people in connection with the 2016 hack of a virtual currency exchange.

How much bitcoin was stolen from James Zhong's house?

The U.S. Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously unannounced 2021 raid on the residence of James Zhong. Zhong pleaded guilty Friday to one count of wire fraud, which carries a maximum sentence of 20 years in prison.

What happened to Bitcoin after FTX collapse?

Cryptocurrencies have been under pressure after the collapse of major exchange FTX. The U.S. Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously unannounced 2021 raid on the residence of James Zhong.

Will 69 370 bitcoins be forfeited to the government?

The Justice Department said it is moving to have the 69,370 bitcoins — valued at more than $15,000 apiece — forfeited to the government, according to court documents. The bitcoins once belonged to Silk Road’s founder, Ross Ulbricht, who was sentenced to life in prison in 2015.