The Law Never Sleeps: $3.36 Billion Seized By Feds 10 Years After Silk Road Exploit

The report describes the U.S. Department of Justice's public disclosure that authorities seized approximately $3.36 billion in Bitcoin from James Zhong after discovering hardware that contained around 50,000 BTC; Zhong admitted to creating accounts and abusing Silk Road's withdrawal processing in 2012 and has pleaded guilty to wire fraud. The piece underscores the immutable nature of blockchains, advances in tracing techniques, recent large-scale crypto seizures, and recommends heightened security practices and transparency for Web3 projects and users.