From purchasing cocaine to uncovering a multimillion-dollar glitch, the story of James “Jimmy” Zhong reads like a dark comedy. Zhong, a computer science graduate, exploited a vulnerability on Silk Road to steal over 50,000 bitcoin, evading detection for nearly a decade while living a life of luxury.
The Unbelievable Tale of Jimmy Zhong: From Cocaine Purchase to Bitcoin Billionaire
This is a tale tailor made for the Coen brothers, ala “Fargo” or “Burn After Reading.” James “Jimmy” Zhong, a 28-year-old University of Georgia computer science graduate, executed the largest bitcoin theft in history. From the infamous dark web market Silk Road, Zhong pilfered over 50,000 bitcoin, valued at approximately $3.4 billion in 2023. Recently, a poster on X that goes by the pseudonym BTCGandalf, recounted Jimmy’s story with colorful details. Read the thread for a story-like recounting with many more details than this brief summary.
The Incredible Story of the Unlikely Man Who Stole
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