He Stole $3.4 BILLION - But Made One Mistake
2,848,326
Published 2023-06-26
In this documentary, I tell the true story of James āJimmyā Zhong. In 2012, while studying Computer Science at the University of Georgia, he found an exploit on the most notorious darknet market allowing him to take Bitcoins directly from the site. As the years went on and Bitcoin soared in value his loot had increased to a staggering $3.4 billion dollars. For nearly a decade he avoided the FBI & IRS, but in 2019, he made one single mistake leading them directly to his door. Jimmy's case is the second-largest seizure in the Department of Justice's history.
Chapters:
0:00 - Intro
0:50 - Making An Outcast
2:16 - Poor Choices
5:50 - Stealing Billions
9:28 - Bragging Rights
11:19 - SilkRoad Takedown
15:07 - Block Size Wars
19:41 - Spending Millions
21:14 - Downfall Begins
23:59 - NordVPN Ad
25:38 - Downfall Continues
29:24 - The Raid
31:02 - Outcome
www.justice.gov/usao-sdny/pr/us-attorney-announcesā¦
All Comments (21)
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Dude called the cops to report 700K while u sitting on 3.4B in crazy
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The US has no rights to the coins... I don't see how it is an issue. 9.9 million coins is like half of all the bitcoin.
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the craziest part of this story was the irs basically pillaging everything even though they technically didnāt have the legal right
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I love how the judge speculates on what could happen in the future instead of focusing on the facts of the case.
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Government: "Taking money from a criminal enterprise is a crime" Also the Goverment: "We'll be taking the money from that criminal enterprise right about now."
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This is heartbreaking. The guy just got destroyed for nothing. All they wanted was his money, not justice. š¢
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The IRS/US is the real villain in this piece tbh.
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The justice system is pure evil, Jimmy has every right to those coins. Itās common practice for ethical hackers to find exploits and request a bounty payment. Anyone in the same situation would have done the same. He even told them what the bug was and didnāt keep rinsing them
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They didn't care about him, what he was sentenced with or what his crimes were. They wanted the money.
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Man I was rooting so hard for Jimmy. I wanted him to āwinā so hard.
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Dude could work out a ton, start learning how to socialize, and could be a successful author/speaker if he set his heart to it. He has so many crazy experiences that could still be turned around into a cool life.
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this is the best and most detailed doc on this case. It has details not available in any other doc.......Well done sir.
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The US legally had NO right to those coins, and Jimmy didn't even obtain them illegally, he just found a bug in the system. The fact he even forfeited it seems ridiculous to me. He was not a drug dealer, he was just a kid and was alone, I don't blame him for anything he did and it's incredibly depressing how his life turned out. I hope he's ok
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10/10 quality (mini)documentary! I feel for the guy. Always left out of society and when he was finally fitting in, it was just because people wanted his money.
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I have never waited & rewatched any youtube channel more than crumb in my entire life
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So wtf did the govt do with all the seized coins??????
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I can understand seizing drug money, but surely there was a way to separate his legitimate earnings. Taking it all is borderline despicable.
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Jimmy if you're seeing this, hope you're ok man. Life is always worth it. You're a brilliant mind. You'll be at the top again.
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poor dude man, I hope to god jimmy gets back on his feet and recovers, he did not deserve this.
