On this episode of Cyber Crime, the story of a 30-year-old James Zhong, who pleaded responsible to the biggest cryptocurrency theft in U.S. historical past. Zhong exploited a glitch on the notorious Silk Street to steal over 50,000 bitcoins valued at $3.3 billion. Uncover how Zhong executed his theft and the way he lived a lavish life-style. Learn the way Zhong’s arrest marked the decision of a ten-year thriller and study concerning the security considerations surrounding cryptocurrencies. Be a part of us as we uncover the intriguing world of cyber crime and focus on the way forward for cryptocurrency.
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00:43 Bitcoin & Cryptocurrencies
01:32 Silk Street – Darknet Market
03:14 Who Was James Zhong?
04:01 Zhong’s Lifetime of Crime
05:29 James Zhong’s Betrayal
06:34 James Zhong’s Lavish Way of life
07:14 How Did James Zhong Steal Bitcoins?
08:24 Crypto Mixers
08:55 James Zhong’s Arrest
09:57 Security of Cryptocurrencies
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