James Zhang was sentenced to one year and one day in prison on Friday. He stole 50,000 bitcoins from an online marketplace called the Silk Road. Zhang transferred some of his ill-gotten bitcoins to another account where he held legitimate funds. But wait, how did authorities know that Zhang had actually stolen those bitcoins in the first place?
Remember the time when experts said that cryptocurrencies are anonymous?
Well…there’s a problem with that statement. In today’s episode for 17th April 2023, we tell you the story of how authorities tracked down someone who stole Bitcoins many many years ago.