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In this episode of Cyber Crime, the story of a 30-year-old James Zhong, who pleaded guilty to the largest cryptocurrency theft in U.S. history. Zhong exploited a glitch on the infamous Silk Road to steal over 50,000 bitcoins valued at $3.3 billion. Discover how Zhong executed his theft and how he lived a lavish lifestyle. Find out how Zhong's arrest marked the resolution of a ten-year mystery and learn about the safety concerns surrounding cryptocurrencies. Join us as we uncover the intriguing world of cyber crime and discuss the future of cryptocurrency.

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We are an independent news outlet with a YouTube channel that posts cybersecurity & tech news videos daily. Our foremost concern is the safety and security of our viewers around the world. We remain vigilant on the issue of hacking and will provide updates as they become available. A number of our investigations and reports have been featured by industry-related publications and global news leaders like Forbes, PC mag, and Techradar.

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00:00 Intro
00:43 Bitcoin & Cryptocurrencies
01:32 Silk Road - Darknet Market
03:14 Who Was James Zhong?
04:01 Zhong’s Life of Crime
05:29 James Zhong's Betrayal
06:34 James Zhong’s Lavish Lifestyle
07:14 How Did James Zhong Steal Bitcoins?
08:24 Crypto Mixers
08:55 James Zhong’s Arrest
09:57 Safety of Cryptocurrencies

#cybernews #cybercrime #truecrime