US Department of Justice, the man named in the Silk Road accusations James Zhong‘un announced that he was sentenced to one year in prison.

The legal proceedings of the crypto industry’s biggest and most complex scam are still ongoing. The Silk Road scam, which has been on the agenda for years, is being scrutinized by the US in a detailed form. Recently, the US announced that it would sell the Bitcoins (BTC) seized in the Silk Road case piece by piece.

Finally, the U.S. Department of Justice has announced that the Silk Road processes James Zhong‘was sentenced to one year in prison. The reason behind this sentence, Zhong pleaded guilty to the charges against him.

Silk Road Processes Continue

The U.S. Department of Justice has announced that James Zhong More than 51,680 For having a stake in the theft of Bitcoin (BTC) one year imprisonment in the last two years. Zhong, He pleaded guilty to the charges in November last year.

Making a statement on the subject, the US Attorney Damian Williams, “Cyber wrongdoers should heed this message: no matter how complex your scheme is and no matter how long it takes, we will follow the money and hold you accountable” He said.

Prosecutor WilliamsAccording to Zhong, BTC Stolen in 2012 and managed to hide it for 10 years. US authorities seized BTC from Zhong in 2021. The value of BTC at the time around 3.4 billion dollars.