CNBC article revealed more details about Jimmy Zhong, who was arrested last year for allegedly stealing over 50,000 bitcoins from the Silk Road market on the dark web. Zhong was ultimately charged with telecommunications fraud and had all of his bitcoins confiscated, and he was sentenced to one year and one day in federal prison. It is reported that 33-year-old Zhong began serving his sentence on July 14, 2023, at the Federal Prison in Montgomery, Alabama.