Re: Great new youtube documentary about Jimmy Zhong (mb300sd)
This is such an interesting story related to Bitcoin! The documentary lasts for a full 30 minutes and surprises me with how clever Jimmy is. I feel sorry for him because the government took advantage of him and confiscated all his coins, leaving him with nothing. His biggest mistake was not being cautious. He also committed a crime by looting large amount of Bitcoin from the silkroad company though. For everyone, his story will serve as an example for those who think they can get away with illegal activities any continue to hide under the sun. Let's not forget, as the saying goes, "Many days for the thief, but one day for the owner." Let's all stay away from illegal cyber activities.
I am surprised you watched the whole video, as i don't have the time but i have added it in watch later list, so before sleeping i will watch it, From what i assumed by reading your post is, he with the help of Silk road owner (as owner award him with BTC) looted Silk road money (BTC). The story is a lot to digest here as the bonding between Zhong and Silk's owner was unexpected. James Zhong had all his stolen BTC's confiscated, however, he was sentenced to only a year and a day in prison for the crime.
I think the sentence was lesser as it might be a possibility that Zhong had not used any of those BTC yet?You better just watch it, you assumption is quite wrong.
He found an exploit on Silk Road's withdrawal page and stole quite some btc. In the end, maybe because he felt bad, he shared it and was approached by the SR owner to tell him what the exploit was.
As a thank you the owner even sent him some more btc.
